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ALLIS CHALMERS PITTSBURGH LOCAL 502

PBGC Trusteed Plan · Case 7468300

The ALLIS CHALMERS PITTSBURGH LOCAL 502, a single-employer defined-benefit pension plan sponsored by ALLIS CHALMERS CORPORATION of —, —, was terminated on 1985-10-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1985-10-31. At the date of termination the plan had 8 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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