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TWINE PRODUCTS CORP. PENSION PLAN FOR HOURLY EMPL

PBGC Trusteed Plan · Case 4329700

The TWINE PRODUCTS CORP. PENSION PLAN FOR HOURLY EMPL, a single-employer defined-benefit pension plan sponsored by TWINE PRODUCTS CORP of NEW ORLEANS, LA, was terminated on 1982-12-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-06-13. At the date of termination the plan had 94 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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