News Release and FAQs
- PBGC Provides Financial Assistance to Road Carriers Local 707 Pension Fund - Participants’ Benefits Payments Cut to PBGC Guaranteed Levels
- Road Carriers Local 707 Pension Fund Participants FAQs
On June 10, 2016, PBGC issued its decision on the Road Carriers Local – 707 Pension Fund application for a partition under the Multiemployer Pension Reform Act of 2014. The plan’s application was denied because it failed to meet the legal requirement that the plan would remain solvent following a partition. View the notification letter.
See Exhibits 7A – 7M
Multiemployer Plans and Partition