Stay informed with our latest news and important announcements including: press releases, media appearances, testimonies, policy and congressional updates.
PBGC marks new chapter in compliance assistance initiatives
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced two landmark “firsts” in its compliance assistance efforts under PBGC’s new Amicus Curiae and Opinion Letter Programs. On June 5, PBGC filed its first amicus brief since the launch of the Amicus Curiae Program with the Court of Appeals for the...
PBGC to pay full benefits for all three terminated First Brands pension plans
Press Release
WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) has assumed responsibility for three pension plans sponsored by affiliates of First Brands Group, LLC (First Brands). PBGC has finalized its trusteeship agreements with First Brands and expects that current and future retirees will receive the full pension benefits that they earned...
PBGC issues guidance for SFA plan mergers
Press Release
WASHINGTON – The Pension Benefit Guaranty Corporation (PBGC) today released new frequently asked questions (FAQs) for multiemployer pension plans considering a merger in which at least one plan has received special financial assistance (SFA) under the American Rescue Plan Act of 2021. This guidance is part of PBGC’s ongoing compliance...
