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SHEPHERD TOBACCO CO. PENSION PLAN

PBGC Trusteed Plan · Case 3287400

The SHEPHERD TOBACCO CO. PENSION PLAN, a single-employer defined-benefit pension plan sponsored by SHEPHERD TOBACCO CO of RIDGEVILLE CORNERS, OH, was terminated on 1978-08-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-01-27. At the date of termination the plan had 9 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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