2022
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Apr 19
PBGC Approves Special Financial Assistance Application
Teamsters Local 617 Participants’ Benefits to be Restored
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 Teamsters Local 617 Pension Plan (Local 617 Plan). The plan, based in Ridgefield, New Jersey, covers 891 participants in the transportation industry.
- Press Release: 22-13
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Apr 19
PBGC Approves Special Financial Assistance Application
GCU 2-C Plan Participants’ Benefits to be Restored
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 Graphic Communications Union Local 2-C Retirement Benefit Plan (GCU 2-C Plan). The plan, based in Warren, Michigan, covers 535 participants in the printing industry.
- Press Release: 22-12
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Apr 19
PBGC Approves Special Financial Assistance Application
Detroit Newspaper Union Plan Participants’ Benefits to be Restored
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 Retirement Benefit Plan of GCIU Detroit Newspaper Union 13N with Detroit Area Newspaper Publishers (Detroit Newspaper Union Plan). The plan, based in Warren, Michigan, covers 563 participants in the printing industry.
- Press Release: 22-11
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Apr 1
PBGC Approves Special Financial Assistance Application
Lithographers Plan Participants’ Benefits to be Restored
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 San Francisco Lithographers Pension Plan (Lithographers Plan).
- Press Release: 22-10
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Apr 1
PBGC Approves Special Financial Assistance Application
Local 186 Plan Participants’ Benefits to be Restored
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 Laborers’ Local 186 Pension Plan (Local 186 Plan).
- Press Release: 22-09
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Mar 31
PBGC Approves Special Financial Assistance Application
Local 641 Plan Participants’ Benefits to be Restored
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 Teamsters Local 641 Pension Plan (Local 641 Plan).
- Press Release: 22-08
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Mar 14
PBGC Approves Special Financial Assistance Application
Milk Industry Plan Participants’ Benefits to be Restored
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 Milk Industry Office Employees Pension Plan (Milk Industry Plan). The plan, based in New York City, New York, covers 78 participants.
- Press Release: 22-07
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Mar 14
PBGC Approves Special Financial Assistance Application
Local 584 Plan Participants’ Benefits to be Restored
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 Local 584 Pension Plan (Local 584 Plan). The plan, based in New York City, New York, covers 2,172 participants in the transportation industry.
- Press Release: 22-06
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Feb 23
PBGC Announces Leadership Appointments
Reorganizes Office of Negotiations and Restructuring
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation announced four appointments to its leadership team in the Office of Negotiations & Restructuring (ONR) and the Office of General Counsel.
- Press Release: 22-05
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Jan 24
PBGC Approves Special Financial Assistance Application
Local 408 Plan Participants’ Benefits to be Restored
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 Local 408 International Brotherhood of Teamsters, Chauffeurs, Warehousemen and H
- Press Release: 22-04
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Jan 19
PBGC Approves Special Financial Assistance Application
Road Carriers Local 707 Pension Plan Participants’ Benefits to be Restored
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.
- Press Release: 22-03
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Jan 18
PBGC Approves Special Financial Assistance Application
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).
- Press Release: 22-02
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Jan 18
PBGC Makes First SFA Payment to Financially Troubled Multiemployer Pension Plan
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.
- Press Release: 22-01
2021
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Dec 23
PBGC Approves Special Financial Assistance Application
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the plan application for the Idaho Signatory Employers-Laborers Pension Plan (Idaho Signatory) in Portland, Ore. The plan covers 682 participants in the construction industry and will receive $13.9 million in special financial assistance, including interest to the expected date of payment to the plan.
- statement: 06
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Dec 21
PBGC Approves First Special Financial Assistance Application
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved its first multiemployer plan application under the Special Financial Assistance (SFA) Program created by the American Rescue Plan Act of 2021 (ARP).
- Press Release: 21-08
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Nov 16
PBGC Releases FY 2021 Annual Report
Multiemployer Program Finances Substantially Improved; Single-Employer Program Continues Improvement
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2021 Annual Report.
- Press Release: 21-07
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Sep 20
PBGC Releases FY 2020 Projections Report, 5-Year Multiemployer Program Report
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today released the agency’s Fiscal Year (FY) 2020 Projections Report and a
- Press Release: 21-06
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Jul 9
PBGC to Provide Special Financial Assistance to Troubled Multiemployer Plans
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today announced an interim final rule implementing a new Special Financial Assistance (SFA) Program for financially troubled multiemployer defined benefit pension plans.
- Press Release: 21-05
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Jun 17
PBGC Announces New Chief Policy Officer
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Ann Orr as Chief Policy Officer.
"PBGC welcomes Ann back to serve in a new capacity," PBGC Director Gordon Hartogensis said. "She previously served at PBGC from 2011-2019 and brings a wealth of agency knowledge and experience to our mission of protecting the retirement security of millions of Americans."
- Press Release: 21-04
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Feb 23
PBGC Announces New General Counsel Appointment
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Russell Dempsey as General Counsel.
“It is my pleasure to welcome Russ to the PBGC team as our new General Counsel,” PBGC Director Gordon Hartogensis said. “His leadership and expertise will help inform and guide our efforts to support the agency’s mission and protect the retirement security of the individuals who rely on us.”
- Press Release: 21-03
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