News Release and FAQs
Partitioning Order Issued
On November 16, 2018, PBGC issued an order partitioning the Teamsters Local 805 Pension and Retirement Fund. PBGC issued this order after finding that the plan’s application for partition, dated January 31, 2018, satisfied all the requirements for partition under the Multiemployer Pension Reform Act of 2014. The order is effective as of January 1, 2019. View the Partition Order.
Partition Decision Issued
On August 28, 2018, PBGC issued its decision on the Teamsters Local 805 Pension and Retirement Plan application for a partition under the Multiemployer Pension Reform Act of 2014. PBGC has conditionally approved the plan’s partition application. View the notification letter.
Partition Withdrawal Request
Partition Withdrawal Requests - On September 21, 2017, the Teamsters Local 805 Pension and Retirement Plan withdrew its February 1, 2017 and March 22, 2017, application to PBGC for partition. View the Partition Application withdrawal letter.