The agency has now approved more than $6.2 billion in special financial assistance funds to cover nearly 120,000 participants.
The struggling multiemployer plans cover nearly 2,000 participants.
Plans covering over 5,550 participants have been approved to receive bailout funds under the American Rescue Plan.
The Local 584 Plan and the Milk Industry Office Employees Pension will receive funds under the Special Financial Assistance Program.
A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.
Teamsters Local 408 is the 5th plan to be approved under the American Rescue Plan Act’s Special Financial Assistance program.
The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.