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ST PAUL CAB DRIVERS PENSION PLAN

PBGC Trusteed Plan · Case 3125400

The ST PAUL CAB DRIVERS PENSION PLAN, a single-employer defined-benefit pension plan sponsored by ST PAUL YELLOW CAB CO INC of ST PAUL, MN, was terminated on 1980-06-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-11-25. At the date of termination the plan had 237 participants — current and former employees with vested retirement benefits.

When PBGC trustees a plan, it assumes responsibility for paying guaranteed retirement benefits to participants up to statutory maximums. Plans are typically trusteed after the sponsor enters bankruptcy or otherwise becomes unable to meet pension obligations.

References

1. Pension Benefit Guaranty Corporation. Single-Employer Plans Trusteed by PBGC. trusteedplans.xlsx. Retrieved recently.
2. Pension Benefit Guaranty Corporation. Open Government — Data Sets. pbgc.gov/about/open-government/data-sets.

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