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GENERAL FOUNDRY & MFG CO HOURLY EES RET INCOME

PBGC Trusteed Plan · Case 575500

The GENERAL FOUNDRY & MFG CO HOURLY EES RET INCOME, a single-employer defined-benefit pension plan sponsored by GENERAL FOUNDRY & MFG CO of FLINT, MI, was terminated on 1975-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-01-15. At the date of termination the plan had 181 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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