Federal Data Hub › PBGC Trusteed Plans · JSON

CASTLE TOOL SPECIALTY COMPANY PENSION TRUST

PBGC Trusteed Plan · Case 7896201

The CASTLE TOOL SPECIALTY COMPANY PENSION TRUST, a single-employer defined-benefit pension plan sponsored by CASTLE TOOL SPECIALTY CO of LANSDOWNE, PA, was terminated on 1983-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1989-04-12. At the date of termination the plan had 24 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.

License: CC0 1.0 Universal. MORVS (AI Analytics LLC) is an independent republisher; corrections to corrections @ ai-analytics.org.