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WATERBURY LOCK AND SPECIALTY CO. (HOURLY)

PBGC Trusteed Plan · Case 628500

The WATERBURY LOCK AND SPECIALTY CO. (HOURLY), a single-employer defined-benefit pension plan sponsored by THE WATERBURY LOCK & SPECIALTYCO. of MILFORD, CT, was terminated on 1975-12-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1977-06-03. At the date of termination the plan had 101 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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