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PBGC Trusteed Plan · Case 8305400
The LTV STEEL COMPANY INC, a single-employer defined-benefit pension plan sponsored by LTV STEEL COMPANY INC. of CLEVELAND, OH, was terminated on 1986-09-30 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1986-10-02. At the date of termination the plan had 8,191 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 |
|---|---|---|
| LTV STEEL HOURLY PENSION PLAN | 2002-03-31 | 63,757 |
| LTV STEEL SALARY PENSION PLAN | 2002-03-31 | 13,702 |
All plans sponsored by EIN 340486510. Full sponsor profile →
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