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Workers & Retirees

FOAMEX LP PENSION PLAN

Overview

Plan SponsorFOAMEX LP
Case Number21391800
Date of Plan TerminationMay 18, 2009
Date of PBGC TrusteeshipJune 08, 2009
Participants4733

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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Related Resources

Your Foamex Pension Benefit: Final Benefit Calculations (as of 3/12/2013)

PBGC continues to calculate the final benefit amount that participants will receive from their Foamex pension plan. This process takes at least three years. However it can take longer, depending on the complexity of the pension plan's provisions and the valuation of its assets.

So far, we have sent final benefit determinations to 21 participants in the Foamex LP Pension Plan. We expect to send final benefit determinations to the remaining 4,600 participants by Sept. 30, 2014.