The Pension Benefit Guaranty Corp. will take over the pension obligations of more than 8,500 current and former employees in Standard Register Co.'s defined benefit plan, according to releases from the agency.
The news comes after Dayton, Ohio-based Standard Register was liquidated in bankruptcy after being in business for more than a century.
The provider of communication and marketing solutions to the financial services and health care industries, among others, was bought by Minnesota-based Taylor Corp., one of the country's largest privately held companies, according to its website. Taylor will not assume any of Standard Register's pension obligations.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
