Federal Data Hub › PBGC Trusteed Plans · JSON

GENERAL SCIENTIFIC CORP SALARIED EES RETIR PLAN

PBGC Trusteed Plan · Case 603900

The GENERAL SCIENTIFIC CORP SALARIED EES RETIR PLAN, a single-employer defined-benefit pension plan sponsored by GENERAL SCIENTIFIC CORP of ADDISON, IL, was terminated on 1975-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1979-02-22. At the date of termination the plan had 13 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.