Skip to main content

Workers & Retirees

THE FAIRCHILD CORPORATION MASTER RETIREMENT PLAN

Overview

Plan SponsorFAIRCHILD HOLDING CORPORATION
Case Number21402600
Date of Plan TerminationDecember 17, 2009
Date of PBGC TrusteeshipDecember 29, 2009
Participants6060

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

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.

Learn more

Related Resources

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

PBGC continues to calculate the final benefit amount that participants will receive from their Fairchild 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 23 participants in the Fairchild Corporation Master Retirement Plan. We expect to send final benefit determinations to the remaining 5,100 participants by Sept. 30, 2014.

News Releases