PBGC Assumes Hostess Brands Plan
The Pension Benefit Guaranty Corporation has taken over the responsibility for the pension benefits of Hostess Brands employees.
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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