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YOUNGSTOWN STEEL TANK CO BARGAINING UNIT RET PLAN

PBGC Trusteed Plan · Case 4331500

The YOUNGSTOWN STEEL TANK CO BARGAINING UNIT RET PLAN, a single-employer defined-benefit pension plan sponsored by YOUNGSTOWN STEEL TANK CO of PITTSBURG, PA, was terminated on 1982-10-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1983-08-30. At the date of termination the plan had 92 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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