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PBGC cannot force pension plan termination

A district court ruled that the Pension Benefit Guaranty Corp. cannot force the termination of a pension plan without a court order.

By Paula Aven Gladych | Updated on October 28, 2013

A district court ruled that the Pension Benefit Guaranty Corp. cannot force the termination of a pension plan without a court order.

In PBGC v. Saint-Gobain Corp. Benefits Committee, the PBGC asked the U.S. District Court for the Eastern District of Pennsylvania for permission to terminate the plan, even though the company’s benefits committee did not agree to the plan termination.

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