PBGC To Assume Relizon Pension Fund

The Pension Benefit Guaranty Corporation will take responsibility of the pension plan of The Relizon Company.

The Pension Benefit Guaranty Corporation (PBGC) will take responsibility of the pension plan of The Relizon Company, Pensions & Investments reports. The Ohio-based producer of marketing materials and its Virginia-based parent, Workflow Management, are liquidating in Chapter 11 bankruptcy. The PBGC expects to assume responsibility for around $54.7 million of the $55.4 million shortfall. Relizon’s defined benefit pension plan, which is 47% funded, has around $49 million in assets to cover $104.4 million in liabilities.

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