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PBGC Trusteed Plan · Case 7368600
The CENTURY BRASS UNION, a single-employer defined-benefit pension plan sponsored by CENTURY BRASS PRODUCTS INC of WATERBURY, CT, was terminated on 1985-12-02 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-11-28. At the date of termination the plan had 3,077 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.
| Plan | Terminated | Participants |
|---|---|---|
| CENTURY BRASS PRODUCTS, INC. SALARIED PENSION PLAN | 1985-09-30 | 606 |
All plans sponsored by EIN 60941099. Full sponsor profile →
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