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About PBGC

Early Warning Program Agreements

Date of AgreementCorporate ParentParticipants
06/27/2016

Alcoa Inc.

Brief description: This agreement between PBGC and Alcoa, Inc. will provide an additional $150 million in pension contributions to the company's two largest pension plans, which cover more than 83,000 people. The additional contributions will be made in three payments of $50 million each over a 30-month period and will be contributed to the Arconic pension plans.

83,447
03/17/2016

Sears Holdings Corp

Brief description: This agreement between PBGC and Sears Holdings Corp. provides substantial protections for the Sears pension plan According to the agreement, Sears will continue to protect the assets of certain special purpose subsidiaries, which hold real estate and/or intellectual property assets. Additionally, the subsidiaries will grant springing liens on the protected assets in favor of PBGC. The liens will be triggered only by failure to make required contributions to the plan, prohibited transfers of ownership interests in the subsidiaries, termination of the plan, or bankruptcy of the company or certain of its subsidiaries.

199,059
11/25/2015
Computer Sciences Corporation and CSRA Inc.
23,253
07/06/2015
Cliffs Natural Resources Inc.
5,527
06/19/2015
Gannett Co., Inc. and Gannett SpinCo, Inc.
48,004
02/05/2015
Hexion Inc.
14,474
12/16/2014
Safeway Inc. and AB Acquisition LLC
69,474
11/28/2014
Eco Services Operations LLC
4,828
09/15/2014
Atkore International, Inc.
1,903
09/11/2014

Supervalu, Inc.

Modification: On 9/11/2014, PBGC amended their 2013 agreement with SuperValu to comply with HAFTA, the new law that reduced the amount of Supervalu’s excess contributions

61,237
07/31/2014
Tribune Company
35,851
07/30/2014
Wausau Paper Corp. and Wausau Paper Mills
1,905
04/30/2014
LSI Corporation
6,392
04/04/2014
Ardagh Group S.A., Saint-Gobain Corporation, and Saint-Gobain Containers, Inc.
12,745
03/13/2014
The Talbots, Inc.
6,904
01/09/2013
AB Acquisition LLC and Supervalu Inc.
71,758
12/05/2012
Smart & Final LLC
4,950
08/07/2012
The Talbots, Inc.
6,904
07/16/2012
The Bon-Ton Stores, Inc.
8,418
07/12/2012
Motorola, Inc.
84,736
04/25/2012
Reichhold Industries, Inc.
4,758
04/24/2012
Lennox International Inc.
364
09/15/2011
Moen Incorporated, MasterBrand Cabinets, Inc., and Fortune Brands, Inc.
3,411
08/04/2011
Dynegy Inc.
3,324
05/27/2011

Samsonite International SA

Modification: On 5/27/2011, PBGC amended their 2009 agreement with Samsonite to issue a replacement lien. Samsonite requested that PBGC modify the agreement to reflect a change in its secured lender, which resulted in PBGC perfecting a new lien against Samsonite in the same monetary value as the original lien

10,596
05/19/2011
Del Monte Corporation
7,231
05/16/2011
Elkem Metals, Inc.
1,434
03/10/2011
A. H. Belo Corporation and Belo Corp.
9,335
01/26/2011
Univar Inc. and Univar USA Inc.
5,196
12/22/2010
American International Group, Inc. and FCFI Acquisition LLC
9,000
11/22/2010
Motorola, Inc.
84,736
10/26/2010
Gates Corporation and Tomkins Corporation
12,871
09/15/2010
Royal Group Inc. and Arrowpoint Group, Inc.
9,269
06/30/2010
ANH Refractories Company f/k/a RHI Services, Inc. and Zircoa, Inc.
10,280
04/28/2010
Roundy's Supermarkets, Inc.
5,367