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Home / News Stories / PBGC takes over pensions of Lynchburg foundry workers (access required)

PBGC takes over pensions of Lynchburg foundry workers (access required)

LYNCHBURG—A federal agency will take over the retirement plan for nearly 2,500 former and current foundry workers in Virginia whose Texas-based employer is amid bankruptcy proceedings. Intermet Corp. employed more than 1,200 people at Lynchburg Foundry before the iron castings plant closed in 1994. The Fort Worth company still owns Archer Creek Foundry in Campbell County ...

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