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PBGC Trusteed Plan · Case 3480100
The NATIONAL BOTTLE MFG CORP GBBA LOCAL 270, a single-employer defined-benefit pension plan sponsored by NATIONAL BOTTLE MANUFACTURING CO of HORSHAM, PA, was terminated on 1981-03-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1981-08-04. At the date of termination the plan had 370 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.
| Plan | Terminated | Participants |
|---|---|---|
| NATIONAL BOTTLE MANUFACTURING CO UGCW LOCAL 416 | 1981-03-01 | 238 |
| NATIONAL BOTTLE MANUFACTURING CO UGCW LOCAL 36 | 1981-03-01 | 221 |
| NATIONAL BOTTLE MANUFACTURING CO GBBA LOCAL 163 | 1981-03-01 | 130 |
| NATIONAL BOTTLE MANFACTURING CO GBBA LOCAL 46 | 1981-03-01 | 66 |
| NATIONAL BOTTLE MANUFACTURING CO GBBA LOCAL G | 1981-03-01 | 38 |
| NATIONAL BOTTLE MANFACTURING CO AFGW | 1981-03-01 | 33 |
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