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QUEEN CITY BREWING CO CUMBERLAND BREWERY WORKERS

PBGC Trusteed Plan · Case 57300

The QUEEN CITY BREWING CO CUMBERLAND BREWERY WORKERS, a single-employer defined-benefit pension plan sponsored by QUEEN CITY BREWING COMPANY CUMBERLAND BREWERY WORKERS of CUMBERLAND, MD, was terminated on 1974-12-20 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-06-05. At the date of termination the plan had 160 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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