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CONTINENTAL STEEL CORPORATION PENSION PLAN B

PBGC Trusteed Plan · Case 7921902

The CONTINENTAL STEEL CORPORATION PENSION PLAN B, a single-employer defined-benefit pension plan sponsored by PENN DIXIE INDUSTRIES, INC of NEW YORK, NY, was terminated on 1986-02-25 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-03-12. At the date of termination the plan had 606 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.

Other plans from the same sponsor

PlanTerminatedParticipants
CONTINENTAL STEEL CORP HOURLY PEN PLAN A1986-02-252,011
PENN DIXIE INDUSTRIES INC CEMENT DIVISION1981-05-101,200
CONTINENTAL STEEL CORP JOLIET HOURLY PENSION PLAN1986-02-25247

All plans sponsored by EIN 240685910. Full sponsor profile →

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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