PBGC Approves SFA Application for Central States Plan
Central States Plan Averts Insolvency and Reduction of Benefits
Learn MoreFY 2022 Annual Report
Multiemployer Program Continues to Improve; Single-Employer Program Continues to Strengthen
Special Financial Assistance Program
PBGC announced a final rule implementing changes to the SFA Program for financially troubled multiemployer 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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PBGC Approves SFA Application for Plasterers Local 82 Fund
Press Release
Plasterers Local 82 Fund Will Restore Benefits Through Receipt of Special Financial Assistance
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 Plasterers Local 82 Pension Fund (Plasterers Local 82 Fund). The plan, based in Portland, Oregon, covers 317 participants in the construction industry. On...
PBGC Approves SFA Application for Alaska Ironworkers Plan
Press Release
Alaska Ironworkers Plan Will Restore Benefits Through Receipt of Special Financial Assistance
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 Alaska Ironworkers Pension Plan (Alaska Ironworkers Plan). The plan, based in Anchorage, Alaska, covers 744 participants in the construction industry. On July 1...
PBGC SFA Rule Adds Exception Process for Certain Withdrawal Liability Conditions
Press Release
Multiemployer pension plans that receive special financial assistance may request an exception for certain withdrawal liability conditions
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today announced a final rule amending the special financial assistance (SFA) regulation to add an exception process for certain withdrawal liability conditions that apply to a plan that receives SFA. The amendment is responsive to public comments received on the SFA...
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