TITLE

PBGC assumes Denman fund

AUTHOR(S)
Moore, Miles
PUB. DATE
November 2010
SOURCE
Tire Business;11/8/2010, Vol. 28 Issue 16, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Pension Benefit Guaranty Corp. (PBGC) has taken responsibility for the underfunded pension plan of Denman Tire Corp. Statistics related to the funding of the pension plan is presented. It discusses the details of the PBGC, which is a federal corporation created by the Employee Retirement Income Security Act of 1974. It states that the PBGC protects the pensions of more than 44 million U.S. workers and retirees in employer defined benefit pension plans.
ACCESSION #
56472756

 

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