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PBGC Trusteed Plan · Case 9057300
The KAISER STEEL SALARIED PENSION PLAN, a single-employer defined-benefit pension plan sponsored by KAISER STEEL CORP of FONTANA, CA, was terminated on 1987-02-28 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1987-02-27. At the date of termination the plan had 1,133 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 |
|---|---|---|
| KAISER STEEL HOURLY PENSION PLAN | 1987-10-15 | 6,690 |
| KAISER STEEL SOUTH CALIF FABRICATING PENS PLAN | 1987-10-15 | 329 |
| KAISER STEEL NAPA PENSION PLAN | 1987-08-03 | 251 |
All plans sponsored by EIN 940594733. Full sponsor profile →
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