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Press Room


  • Dec 7

    Statement on PBGC OIG Risk Advisory on Special Financial Assistance Final Rule

    The Special Financial Assistance (SFA) Program, established under the American Rescue Plan Act of 2021, provides funds to severely underfunded multiemployer pension plans and ensures that millions of workers, retirees, and their families receive the pension benefits they earned through many years of hard work.

    • statement: 07
  • Oct 25

    PBGC Industry Day for Upcoming Smaller Asset Manager Program Solicitation

    WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) is hosting an Industry Day virtual conference for asset management firms interested in the Smaller Asset Manager Program (SAMP) on November 10, 2022, at 10:00 a.m. ET. The Industry Day conference will describe PBGC’s upcoming fixed income management services solicitation and the federal procurement process. PBGC’s goal is to expand the number of contracts awarded under the program.  

  • Oct 6

    PBGC Approves SFA Application for Sheet Metal Workers Plan

    Sheet Metal Workers Plan to Receive 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 Sheet Metal Workers Local Pension Plan (Sheet Metal Workers Plan). The application was submitted and approved under provisions of PBGC’s SFA interim final rule. The plan, based in Massillon, Ohio, covers 1,649 participants in the construction industry.

  • Aug 5

    PBGC's Karen Morris Named General Counsel

    WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Karen Morris to General Counsel.

    "We are delighted that Karen will serve as General Counsel," said PBGC Director Gordon Hartogensis. "Karen has expert knowledge of ERISA and bankruptcy matters and she is a trusted source of practical solutions that will help support the agency's mission and protect the retirement security of millions of workers and retirees."

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