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PACIFIC STATES STEEL CORP UNITED STEELWORKERS

PBGC Trusteed Plan · Case 9975101

The PACIFIC STATES STEEL CORP UNITED STEELWORKERS, a single-employer defined-benefit pension plan sponsored by PACIFIC STATES STEEL CORP C/O STEPHEN J. RUSSELL, SPECIA of FOSTER CITY, CA, was terminated on 1990-05-01 and taken into trusteeship by the Pension Benefit Guaranty Corporation on 1990-11-08. At the date of termination the plan had 363 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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