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Press Room

2023

  • Jul 11

    PBGC Approves SFA Application for Automotive Industries Plan

    Automotive Industries Plan Averts Insolvency and Reduction of Benefits Through Receipt of 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 Automotive Industries Pension Plan (Automotive Industries Plan). The plan, based in Dublin, California, covers 23,687 participants in the transportation industry.

  • Jul 11

    PBGC Approves SFA Application for Retail Clerks Plan

    Retail Clerks Plan Averts Insolvency and Reduction of Benefits Through Receipt of 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 Retail Clerks Specialty Stores Pension Plan (Retail Clerks Plan). The plan, based in Concord, California, covers 1,279 participants in the service industry.

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