Ailing WPS Pension Fund Taken Over

September 2005
Home Textiles Today;9/5/2005, Vol. 26 Issue 47, p8
Trade Publication
Reports that the Pension Benefits Guaranty Corp. (PBGC) has assumed responsibility for the pensions of workers and retirees of the bankrupt WestPoint Stevens Inc. (WPS). Percentage of the pension plans of WPS that are underfunded; Totality of the assets to cover in benefit promises; Effort of the PBGC to ensure workers and retirees can be covered by the pension plans up to the limits set by law.


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