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NEW JERSEY RUBBER CO RETIREMENT PLAN

PBGC Trusteed Plan · Case 5030701

The NEW JERSEY RUBBER CO RETIREMENT PLAN, a single-employer defined-benefit pension plan sponsored by NEW JERSEY RUBBER CO of TAUNTON, MA, was terminated on 1982-01-17 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-03-08. At the date of termination the plan had 78 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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