APPVION, INC. RETIREMENT PLAN

What are the age, service, or other requirements for vesting? How does Appvion’s bankruptcy filing and PBGC’s guarantee limits impact those requirements?

You must have 5 years of vesting service to be vested in your pension benefit. PBGC will not guarantee your benefit if you have less than 5 years of vesting service as of October 1, 2017, the date of the Chapter 11 filing. There are also age and service requirements to qualify for early retirement benefits from the plan, that vary depending on your employee group (e.g., age 55 and 10 years of vesting service, or 65 age-plus-service points). Any early retirement benefits for which you have not met the age and service requirements as of October 1, 2017, are not guaranteed. Disability pension benefits if your disability date is on or after October 1, 2017, are also not guaranteed.

Are there other guarantee limits that may apply to my PBGC benefit?

Yes, to learn more about PBGC and the benefits we guarantee, click on the "General FAQs About PBGC" link in the “FAQ” box below. In particular, see the section “What Termination Means to You: Your Pension Benefits.”