White House wants new variable-rate premium, saying that would help stave off insolvency for 20 years.
Pension lifeboat will provide three annual payments of $8.9 million to merged plan.
Plans, like the New England Teamsters', covering 1.4 million people are underfunded by $56.5 billion.
Pension insurance to assume benefit payments for 8,000 members.
PBGC multiemployer program is expected to run out of money in six years.
Survey also finds rising PBGC premiums encourage funding increases.
Four of the seven members have already served on the committee.
Pension said it will become insolvent in 10 years without benefits cut.
Family trust trustee with Senate connections named 16th director of pensions lifeboat.
Funded levels increase despite worst asset performance in a decade.
Hartogensis renominated by Trump after previous attempt stalled.
Deal cleared way for court to OK ESL Investment’s $5.2 billion takeover of the retailer.