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BANKERS SECURITIES CORP PP HEADQUARTERS' OFFICE EMPLOYEES

PBGC Trusteed Plan · Case 3306800

The BANKERS SECURITIES CORP PP HEADQUARTERS' OFFICE EMPLOYEES, a single-employer defined-benefit pension plan sponsored by CSS INDUSTRIES of PLYMOUTH MEETING, PA, was terminated on 1980-10-27 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1980-10-20. At the date of termination the plan had 846 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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