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VANDER LINDE & SONS CONSTRUCTION COMPANY DEF BEN

PBGC Trusteed Plan · Case 7310901

The VANDER LINDE & SONS CONSTRUCTION COMPANY DEF BEN, a single-employer defined-benefit pension plan sponsored by VANDER LINDE AND SONS CONSTRUCTION CO INC of FORT LAUDERDALE, FL, was terminated on 1985-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-10-25. At the date of termination the plan had 160 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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