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POTTSTOWN MACHINE CO UAW LOCAL 644 PENSION PLAN

PBGC Trusteed Plan · Case 7050500

The POTTSTOWN MACHINE CO UAW LOCAL 644 PENSION PLAN, a single-employer defined-benefit pension plan sponsored by POTTSTOWN MACHINE CO of POTTSTOWN, PA, was terminated on 1985-07-29 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-11-08. At the date of termination the plan had 60 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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