Federal Data Hub › PBGC Trusteed Plans · JSON

SOMERSET BUS DIV 1478

PBGC Trusteed Plan · Case 4301700

The SOMERSET BUS DIV 1478, a single-employer defined-benefit pension plan sponsored by SOMERSET SERVICE of WESTFIELD, NJ, was terminated on 1982-07-05 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-12-22. At the date of termination the plan had 156 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
SOMERSET SERVICE LOCAL UNION 5489 PENSION PLAN1982-07-0552

All plans sponsored by EIN 221292910. 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.