Pensions
PBGC Grants $31.6M to Newspaper Drivers Pension Plan
The Ohio-based Newspaper Drivers Local 473 Plan will receive funding under the Special Financial Assistance Program.
Tag: SFA
Regulation
Teamsters Plan Receives $5.7B From PBGC
The grant will keep the plan solvent through 2051.
Regulation
PBGC Insurance Funds Well-Funded for Years to Come
The Pension Benefit Guaranty Corporation’s projection shows both pension insurance funds are in great shape financially.
Regulation
PBGC FAQ Speaks to Bond Qualifications for SFA Investing
SFA recipients must invest at least two-thirds of their grant in investment-grade fixed income assets.
Regulation
PBGC Issues $1.5B to Struggling Musicians’ Pension
The grant is among the largest the PBGC has made.
Regulation
Kansas Construction Pension Fund Receives $43.1M PBGC Grant
The funding will keep the plan solvent through 2051.
Regulation
PBGC Rescues 5 Multiemployer Pension Funds Covering 200,000 Workers and Retirees
The grants totaled nearly $6 billion in value.
Pensions
Illinois Multiemployer Fund Agrees to Repay $8M in Excess Bailout Funds
The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
Regulation
PBGC Rescues Two Pensions Covering 25,000 People
The SFA funds used to restore the plans total more than $500M.
Regulation
PBGC Grants $90M to 2 Multiemployer Plans
1 plan was in the entertainment industry and the other in the service industry.
Regulation
UFCW Regional Plan Receives $54.6M Grant From PBGC
The grant will keep the plan solvent through 2051.
Regulation
PBGC Issues SFA Grants to Two Multiemployer Plans
The two plans were in the transport and food service industries.
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.
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
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.