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Workers & Retirees

STEEL HEDDLE MFG. CO. CASH BALANCE PENSION PLAN

Overview

Plan SponsorSTEEL HEDDLE MFG CO
Case Number19616900
Date of Plan TerminationNovember 30, 2001
Date of PBGC TrusteeshipJuly 01, 2002
Participants793

Status

1: PBGC has taken over as trustee of your pension plan. PBGC is now responsible for paying your pension benefits up to the limits set by law.

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2: PBGC is verifying plan and participant information to calculate pension benefits. PBGC has sent letters to notify all participants and beneficiaries that we took over as trustee of your plan.

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3: PBGC is calculating pension benefits, subject to legal limits, owed to all participants and beneficiaries.

PBGC has finished reviewing and verifying plan and participant information. We are now calculating the pension benefits, subject to the legal limits, owed to everyone in the plan.

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4: PBGC has completed calculating pension benefits, subject to legal limits, owed to all participants and beneficiaries in the plan. We are now sending formal determinations of pension benefits to participants and beneficiaries.

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5. All reviews, verifications and calculations have been completed. Formal determination letters describing the amount of pension benefits have been sent to participants and beneficiaries.

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