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PBGC settlement results in company’s $207.5 million pension payment

The move helped shore up the pension plans financial standing and alleviates some of the PBGCs concerns about the plans sponsor being sold to a company with fewer financial resources.

By Paula Aven Gladych | Updated on April 17, 2014

Under a settlement with the Pension Benefit Guaranty Corporation, Saint-Gobain Containers, Inc., has made $207.5 million of additional contributions to its pension plan. 

The move helped shore up the plan’s financial standing and alleviates some of the PBGC’s concerns about the plan’s sponsor being sold to a company with fewer financial resources.

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