PBGC ASSUMES PENSION PLAN OF MARCAL PAPER MILLS
September 30, 2008
September 30, 2008
WASHINGTON, Sept. 30 -- The Pension Benefit Guaranty Corp. issued the following press release:
The Pension Benefit Guaranty Corporation (PBGC) today announced it has assumed responsibility for the pensions of nearly 1,200 workers and retirees of Marcal Paper Mills Inc. of Elmwood Park, N.J.
The PBGC stepped in because the underfunded Marcal Paper Mills Inc. Retirement Plan 1 for Union Employees would be unable to pay benefits when due and faced abandonment following . . .
The Pension Benefit Guaranty Corporation (PBGC) today announced it has assumed responsibility for the pensions of nearly 1,200 workers and retirees of Marcal Paper Mills Inc. of Elmwood Park, N.J.
The PBGC stepped in because the underfunded Marcal Paper Mills Inc. Retirement Plan 1 for Union Employees would be unable to pay benefits when due and faced abandonment following . . .