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PBGC Takes Over Virginia Foundry Retirement Plan
Lynchburg News Advance Link to more items from this source
Mar. 20, 2009
Excerpt: A federal agency will take over the retirement plan for nearly 2,500 former and current employees of Lynchburg Foundry and two other foundries in Virginia because their parent company cannot afford to pay the benefits in the plan. Because of the change, some of the retirees covered by the pension plan might have a reduction in their benefits ....

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