Compliance | November 20th, 2023 PBGC Nearly $50B in the Green, Report Says This could be a reason to lower premiums, though insurance conditions have been volatile before.
Administration | July 28th, 2023 Senate, House Far Apart on DOL Budget The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.
Compliance | July 17th, 2023 Manufacturing, Transportation, Retail Pension Funds Receive PBGC Bailouts Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.
Compliance | April 25th, 2023 DOL Offers Guidance for Multiemployer Plans Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Compliance | February 21st, 2023 Transportation, Sheet Metal, Service and Manufacturer Pensions Receive PBGC Assistance Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.
Compliance | December 15th, 2022 Two More Struggling Union Plans Receive PBGC Assistance The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...
Compliance | November 23rd, 2022 PBGC Grants $85 Million to Struggling Ohio Teamsters Pension The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.
Data and Research | August 12th, 2022 Funded Levels for Multiemployer Plans Tumble in First Half of 2022 The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.