PBGC Makes First SFA Payment to Financially Troubled Multiemployer Pension Plan
$112.6 million has been paid in special financial assistance to the Local 138 Pension Plan.
See Press ReleaseRetiree Update
Important tax information and useful tips for retirees receiving monthly pension benefits from PBGC.
Special Financial Assistance Program
PBGC announced an interim final rule for a new program for financially troubled multiemployer defined benefit pension plans.

All PBGC offices are closed Monday, October 11, 2021, in observance of the Columbus Day federal holiday.
We will resume normal business hours on Tuesday, October 12, 2021.
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We protect the retirement security of over 33 million Americans in single-employer and multiemployer pension plans. Our goal is to provide the highest level of customer support and to protect workers’ and retirees’ hard-earned pension benefits.
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If you recently received a letter telling you that PBGC is now responsible for paying your pension benefit, this page is your gateway to PBGC.
Workers & Retirees
Since 1974, we’ve made a commitment to protect the pension benefits of over 33 million workers and retirees, and their families, we serve.
Employers & Practitioners
Are you an employer or practitioner responsible for the administration of a pension plan? If so, this is your portal to working with PBGC.
PBGC Approves Special Financial Assistance Application
Press Release
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the San Francisco Lithographers Pension Plan (Lithographers Plan). The plan, based in San Francisco, California, covers 1,572 participants in the printing industry. The Lithographers...
PBGC Approves Special Financial Assistance Application
Press Release
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Laborers’ Local 186 Pension Plan (Local 186 Plan). The plan, based in Massena, New York, covers 379 participants in the construction industry. The...
PBGC Approves Special Financial Assistance Application
Press Release
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Teamsters Local 641 Pension Plan (Local 641 Plan). The plan, based in Union, New Jersey, covers 3,610 participants in the transportation industry. The...
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