Regulation
Central States Reaches Agreement to Repay $127M Overpayment
The plan reached a settlement with DOJ on Monday that will clear its debt with the PBGC.
Tag: Central States
Regulation
PBGC Responds to House Republicans’ Subpoena on Central States’ Overpayment
According to the PBGC, the DOJ is working with Central States to secure the repayment.
Regulation
After Receiving Extra $127M, Central States Working on Repayment Plan
In addition to that update at a subcommittee hearing, House Republicans suggested the PBGC cut premiums for its single-employer program.
Regulation
Central States Legally Required to Repay $127M to PBGC
The multiemployer plan received an overpayment due to an incomplete death audit conducted by the PBGC.
Regulation
PBGC Paid $127M for Deceased Central States Participants, Senate Republicans Demand Repayment
The error was identified in November 2023, and the Central States pension plan has asked for legal clarity on how to return it.
Newsmakers
Court Refuses to Dismiss Central States Pension Lawsuit
District of Northern Illinois judge finds employer liable for withdrawing from pension obligations during collective bargaining agreement transition.
Coronavirus - COVID-19
Teamsters’ Pension Lawsuit Could Thwart Vaccine Mandates
The union says its pension fund’s mandatory vaccine policy violates collective bargaining agreements.