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Crown Zellerbach's pension administration is typically managed by a third-party administrator or a specific financial institution designated by the company. To get the most accurate and current information, it is advisable to consult the company's official communications or their human resources department. If you are looking for specific details regarding pension plans, contacting them directly would be the best approach.

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1d ago

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What happened to the Crown Zellerbach Retirement Plan?

The Crown Zellerbach Retirement Plan, which was part of the Crown Zellerbach Corporation's employee benefits, faced significant challenges in the early 2000s due to financial difficulties within the company. In 2000, Crown Zellerbach was acquired by the James River Corporation, and subsequently, the retirement plan was terminated in 2001. Many plan participants experienced reductions in their benefits as a result of the termination and restructuring of the company’s finances. The pension obligations were eventually transferred to the Pension Benefit Guaranty Corporation (PBGC), which assumed responsibility for paying benefits to retirees within certain limits.


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