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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.

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Retiree Update

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Important tax information and useful tips for retirees receiving monthly pension benefits from PBGC.

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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.

Welcome to PBGC!

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.

New to PBGC

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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

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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

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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 Special Financial Assistance (SFA) application submitted by the Road Carriers Local 707 Pension Plan (Local 707 Plan). The Local 707 Plan, based in Hempstead, New York, covers 3,804 participants in the transportation industry. The...

    PBGC Makes First SFA Payment to Financially Troubled Multiemployer Pension Plan

    Press Release

    • WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that $112.6 million has been paid in special financial assistance to the Local 138 Pension Plan (Local 138 Plan), a financially troubled multiemployer pension plan based in Baldwin, N.Y. The Local 138 Plan, covering 1,723 participants in the transportation...

    PBGC Approves Special Financial Assistance Application

    Press Release

    • WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the plan application for the Bricklayers and Allied Craftworkers Local 5 New York Retirement Fund Pension Plan (Bricklayers Local 5 Plan). The Bricklayers Local 5 Plan based in Newburgh, NY, which covers 821 participants in...

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