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BAYRIDGE SPECIALTY COMPANY PENSION PLAN

PBGC Trusteed Plan · Case 3349200

The BAYRIDGE SPECIALTY COMPANY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by BAY RIDGE SPEICALTY CO of TRENTON, NJ, was terminated on 1979-10-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-04-21. At the date of termination the plan had 40 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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