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ALUMINUM RECYCLING CORP UNION EMPLOYEES PEN PLAN

PBGC Trusteed Plan · Case 8042201

The ALUMINUM RECYCLING CORP UNION EMPLOYEES PEN PLAN, a single-employer defined-benefit pension plan sponsored by UNITED STEEL WORKERS OF AMER LOCAL 3785 EMPL OF ALUMINUM REC of SPOKANE, WA, was terminated on 1985-12-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-10-01. At the date of termination the plan had 26 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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