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DURHAM MANUFACTURING CO

PBGC Trusteed Plan · Case 7800

The DURHAM MANUFACTURING CO, a single-employer defined-benefit pension plan sponsored by DURHAM MFG COMPANY C/O GENERAL HOUSEWARES CORP of STAMFORD, CT, was terminated on 1974-07-18 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1975-04-07. At the date of termination the plan had 239 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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