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GEAR SPECIALTIES INC HOURLY PENSION PLAN

PBGC Trusteed Plan · Case 7186901

The GEAR SPECIALTIES INC HOURLY PENSION PLAN, a single-employer defined-benefit pension plan sponsored by GEAR SPECIALIES INC of CHICAGO, IL, was terminated on 1985-07-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1987-01-12. At the date of termination the plan had 166 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.

Other plans from the same sponsor

PlanTerminatedParticipants
GEAR SPECIALTIES INC PENSION PLAN1985-07-3156

All plans sponsored by EIN 362136516. Full sponsor profile →

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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