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FLEXIBLE PRODUCTS CO BARGAINING UNIT EE RETIRE

PBGC Trusteed Plan · Case 3500800

The FLEXIBLE PRODUCTS CO BARGAINING UNIT EE RETIRE, a single-employer defined-benefit pension plan sponsored by FLEXIBLE PRODUCTS CO of SOUTHFIELD, MI, was terminated on 1981-03-16 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1982-05-18. At the date of termination the plan had 50 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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