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Questions and Answers for Participants in the Yellow Retirement Pension Plan

On August 2, 2024, the Pension Benefit Guaranty Corporation took responsibility as trustee for the defined benefit pension plan sponsored by Yellow Corporation. Yellow Corporation filed for bankruptcy protection on August 6, 2023. The Yellow Retirement Pension Plan ended as of May 1, 2024. The plan covers over 4,300 workers and retirees.

PBGC will update the following questions and answers about the Yellow Retirement Pension Plan as more information becomes available.

PBGC is the federal agency created by the Employee Retirement Income Security Act of 1974 (ERISA) to protect pension benefits in private sector defined benefit plans – the kind that typically pay a set monthly amount at retirement. If your pension plan is insured by PBGC and ends without sufficient money to pay all benefits, PBGC’s insurance program will pay you the benefit provided by your pension plan up to the limits set by law.

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