MEMORANDUM OPINION AND ORDER
WEINER, District Judge.
This is a pro se action under Title IV of the Employment Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. §§ 1301-1461 (Supp.1982), to compel the defendant, The Pension Benefit Guaranty Corporation (PBGC) to pay pension benefits to the plaintiff. Jurisdiction is predicated upon 29 U.S.C. § 1303(f). Plaintiff complains essentially that the PBGC's determination that he is entitled to a deferred vested monthly benefit of $287.15, rather than an immediate monthly pension of $531.55 is in error. Because the undisputed facts in the record compel the conclusion that the PBGC's determination is correct as a matter of law, this court is constrained to grant defendant's motion for summary judgment.
The plaintiff presents a sympathetic case. He began working for Allan Wood Steel Company ("Allan Wood") on June 2, 1948. He continued faithfully to serve as an employee of Allan Wood, except for his brief tour of duty with the United States Army in Korea, until November, 1977 when he, along with substantially all of the company's employees, was laid off because of the termination of steelmaking operations at the Allan Wood plant. As an hourly employee, plaintiff was covered by the pension agreement executed between Allan Wood and the United Steelworkers of America, of which plaintiff was a member. In June of 1977, the company filed for reorganization under Chapter 11 of the Bankruptcy Code and moved for rejection and termination of Debtors Pension Plan. By Order of September 28, 1978, the Bankruptcy Court authorized the receivers to terminate the Pension Plan as of the date on which a complete shutdown of Allan Wood's steelmaking operations occurred and substantially all of the Pension Plan participants were laid off.
Pending the decision of the Bankruptcy Court, the company filed a notice to terminate the Pension Plan with the PBGC on May 28, 1978 pursuant to § 4041(a) of ERISA. 29 U.S.C. § 1341(a). The notice proposed as the date of plan termination June 5, 1978, or alternatively, June 10, 1977, in the event that the Bankruptcy Court was to grant the receiver's motion to reject and terminate the Pension Plan. While treating the notice as valid, the PBGC determined that the assets of the plan were insufficient to cover all vested benefits, and terminated the plan pursuant to an agreement with the company under § 4042(c) of ERISA. 29 U.S.C. § 1342(c). The agreement executed January 5, 1979 appointed the PBGC as trustee, and established November 1, 1977 as the date of Plan Termination.
The problem, as plaintiff sees it, is that in June, 1978 he requested and began receiving benefits of $531.55 per month under the 30 years' service provision of the plan. This is because, plaintiff argues, he was laid off from his employment and could have been called back to work at one of Allan Wood's other plants which would, of course, make him eligible for the 30 years benefit provision under Section 2.3 of the plan. Only after the effective date of the § 1342(c) agreement did the defendant inform plaintiff that his benefit entitlement would be redetermined under the PBGC trusteeship. Because the plaintiff was seven months short of thirty years continuous service on the date of plan termination, it was determined that he was eligible only for deferred benefits under Section 2.7 of the Allan Wood Pension Plan ("the Plan"). Accordingly, he was informed that his pension benefit would cease as of January 1, 1980, but resume at a reduced level in November, 1989, when the plaintiff attains the age of sixty. Payments were continued at the initial rate until plaintiff's appeals were exhausted.
The primary obstacle the plaintiff cannot hurdle is the date of plan termination, November 1, 1977, as established in the agreement between the PBGC and Allan Wood. This is the critical date for determining whether a participant has satisfied the Plan's conditions for entitlement to benefits. Under Section 4022(a) of ERISA, 29 U.S.C. § 1322(a), the PBGC guarantees only those benefits which are nonforfeitable under the terms of the Plan. That section provides:
Subject to the limitations contained in subsection (b) [5 year phase-in limitations], the corporation [PBGC] shall guarantee . . . the payment of all nonforfeitable benefits (other than benefits becoming nonforfeitable solely on account of the termination of a plan) under the terms of a plan . . . which terminates at a time when section 4021 applies to it.
The attendant administrative regulations define a nonforfeitable benefit as follows:
[A] benefit payable with respect to a participant is considered to be nonforfeitable, if on the date of termination of the plan the participant (or beneficiary) has satisfied all of the conditions required of him under the provisions of the plan to establish entitlement to the benefit, except the submission of a formal application, retirement, [or] completion of a required waiting period. . . .