The PBGC took over the defined benefit plan of Foss Manufacturing Co. Inc., Hampton, N.H., said Gary Pastorius, a PBGC spokesman. The Foss Companies Retirement Benefit Accumulation Plan is 60% funded with about $18 million assets to cover nearly $30 million in liabilities. The PBGC will cover all but $1.5 million of the $12 million shortfall. Foss Manufacturing, which has been in Chapter 11 bankruptcy protection since September 2005, sold most of its assets, but no purchaser was willing to assume the plan, according to a PBGC news release. The pension was terminated effective May 5, 2006.