Press room

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced a new compliance assistance tool that allows potential plan sponsors to evaluate whether a proposed defined benefit plan design would be covered under PBGC’s Single-Employer Insurance Program. The Coverage Assessment Program builds on PBGC’s commitment to provide clear, accessible guidance to employers and their service providers.

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 Seventh Circuit in the case of Consumers Concrete Corp. v. Central States Fund, Southeast and Southwest Areas Pension Fund.

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 under their plan, without any cutback or reduction.

The three plans now under PBGC trusteeship are:

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 assistance efforts to enhance transparency into the Corporation’s operations and to support its stakeholders.

WASHINGTON – The Pension Benefit Guaranty Corporation (PBGC) today announced the launch of its Amicus Curiae Program. As part of the Corporation’s compliance assistance efforts, this program establishes a process for private parties to request that the agency file an amicus brief in cases with potential implications for PBGC or the broader private pension system.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced that it is taking action to assume responsibility for three pension plans sponsored by affiliates of First Brands Group, LLC (First Brands).

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released Qualified Domestic Relations Orders: A Practical Guide to Dividing PBGC Benefits in Divorce. The new guide is intended for participants and alternate payees in PBGC-trusteed pension plans.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today announced the relaunch of its Opinion Letter Program. This initiative provides meaningful compliance assistance to the public by answering questions about how PBGC would apply the law to specific factual circumstances.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2025 Annual Report. The report shows PBGC’s insurance programs are financially sound.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) today released the agency’s Fiscal Year 2024 Projections Report, which shows an improved financial outlook for both its Multiemployer and Single-Employer pension insurance programs. Together, these programs protect about 30 million workers and retirees in private sector defined benefit pension plans.

WASHINGTON — Janet Dhillon was sworn in as the 17th director of the Pension Benefit Guaranty Corporation on November 3, 2025.

“I am privileged to serve as the PBGC’s director and committed to ensuring PBGC achieves operational excellence and transparency,” Dhillon said. “I look forward to leading the agency in its mission to protect the retirement security of millions of American workers, retirees, and beneficiaries whose pensions are insured by PBGC.”

WASHINGTON — President Joseph R. Biden Jr. recently appointed Davey Grubbs of North Carolina as a new member to serve on the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC).

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Legacy Plan of the UNITE HERE Retirement Fund (UNITE HERE Fund).

WASHINGTON — 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' International Union of North America Local No.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the International Brotherhood of Teamsters Local 734 Pension Plan (Teamst

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the International Union of Operating Engineers Upstate New York Engineers

WASHINGTON – The Pension Benefit Guaranty Corporation (PBGC) announced that its Board of Directors has selected Anne Henderson as the agency’s Participant and Plan Sponsor Advocate, effective January 12.

Henderson replaces Constance Donovan, who retired in August after nearly 11 years of service, as PBGC’s first advocate.

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the International Association of United Slate, Tile and Composition Roofe

WASHINGTON — 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 11 Pension Plan (Teamsters Local 11 Plan).

WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Graphic Communications International Union Pressroom Unions' Pension