The Pension Benefit Guaranty Corporation
(PBGC) has taken over the responsibility for the pension
benefits of Hostess Brands employees,
Pensions & Investments reports. PBGC will handle
pension benefits of about 1,500 current and former employees of
the Texas-based company, formerly known as Interstate
The workers and retirees were previously getting benefits
under the American Bakers Association Retirement
Plan. PBGC will assume all of Interstate
Bakeries $82.5 million in
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