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PBGC Trusteed Plan · Case 7600
The AVCO CORPORATION LOCAL 1127, a single-employer defined-benefit pension plan sponsored by AVCO CORP of GREENWICH, CT, was terminated on 1974-08-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1977-01-31. At the date of termination the plan had 705 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 |
|---|---|---|
| AVCO CORPORATION PENSION PLAN LOCAL 200 | 1974-08-31 | 21 |
| AVCO CORPORATION PENSION PLAN LOCAL 200 | 1975-05-31 | 19 |
| AVCO CORP PENSION PLAN LOCAL 135 | 1974-08-31 | 2 |
All plans sponsored by EIN 130458536. Full sponsor profile →
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