Tag: Pension Benefit Guaranty Corporation (PBGC)

The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...

A schedule to help plan sponsors track important due dates for their plan

The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program...

Teamsters affiliates have received more than $1 billion dollars in PBGC assistance in the last two weeks.

The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.

The financing will allow the union pension to both satisfy monthly payments to beneficiaries and provide make-up payments.

Four new appointees make a total of seven, charged with advising the PBGC on investments and other decisions.

The union plan had been severely underfunded for over a year but can now meet its liabilities to nearly 400...

The Pension Benefit Guaranty Corporation proposal clarifies assumptions for determining an employer’s withdrawal liability.

After a year of partial payouts to pension participants, a local Sheet Metal Workers pension plan will receive $29 million...

The Department of Labor would be able to sustain services deemed essential, as well as those that receive forms of...

As plan sponsors near the deadline for changing how they calculate PBGC premiums, some are considering a change in light...

The stressed union pension plan will receive more than $28 million in special financial assistance, including interest to the expected...

The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.

The agency has so far approved $7.4 billion under the Special Financial Assistance Program to pension funds covering more than...

The ongoing plan must still separate special financial assistance funds and invest them according to final regulations.

After months of operating on an interim basis, the Special Financial Assistance program for multiemployer pensions has been formally finalized...

Special Financial Assistance program to date has approved more than $6.2 billion to cover nearly 120,000 participants.

The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.