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VIRDEN CORP HOURLY EMPLOYEES PENSION PLAN

PBGC Trusteed Plan · Case 3326100

The VIRDEN CORP HOURLY EMPLOYEES PENSION PLAN, a single-employer defined-benefit pension plan sponsored by VIRDEN CORP of CLEVELAND, OH, was terminated on 1980-09-15 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-02-25. At the date of termination the plan had 213 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.

Other plans from the same sponsor

PlanTerminatedParticipants
VIRDEN CORPORATION SALARIED EMPLOYEES RETIRE PLAN1980-09-1559

All plans sponsored by EIN 341233900. Full sponsor profile →

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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