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PBGC plans to take over National Steel's pensions. (Metal Industry News).

Publication: Metal Center News
Publication Date: 01-JAN-03
Format: Online - approximately 228 words
Delivery: Immediate Online Access
Full Article Title: PBGC plans to take over National Steel's pensions. (Metal Industry News).(Pension Benefit Guaranty Corporation )(Brief Article)

Article Excerpt
National Steel Corp. recently received notice that the Pension Benefit Guaranty Corporation (PBGC), the federal pension insurer, intends to assume responsibility for seven National Steel pension plans.

"We are disappointed but we recognize that if the PBGC assumes responsibility for the plans, current employees who retire will receive their...

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