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UNITED STEELWORKERS OF AMERICA AFL CIO PENS PL

PBGC Trusteed Plan · Case 8585200

The UNITED STEELWORKERS OF AMERICA AFL CIO PENS PL, a single-employer defined-benefit pension plan sponsored by CHATTANOOGA COKE CHEM CO INC of CHATTANOOGA, TN, was terminated on 1986-12-31 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1988-07-06. At the date of termination the plan had 160 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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