Pension Benefit Guaranty Corp. v. Mize Co.

OPINION

K.K. HALL, Circuit Judge:

Mize Company, Inc., appeals the district court’s summary judgment order establishing a termination date for the company’s pension plan. We affirm.

I

Mize, a small North Carolina company, established a pension plan for its employees in 1954. The plan was to be funded through a group annuity contract with Life Insurance Company of Virginia. In 1974, the Employee Retirement Income Security Act (ERISA), Pub.L. 93-406, 88 Stat. 832, was enacted. Tony Harris, Mize’s owner from 1972-82, was informed by Life Insurance that ERISA mandated certain amendments to the pension…