Tag: SFA

Pensions February 27, 2025

PBGC’s SFA Program Boosts Multiemployer Funded Level to 97%

Without the $16 billion in special financial assistance from the Pension Benefit Guaranty Corporation, the plans’ funded level would have ended 2024 stagnant, per Milliman study.

Pensions January 13, 2025

PBGC Approves SFA Funds for 3 Multiemployer Pension Funds

Laborers Local No. 265, Teamsters Local 734 and the IUOE Upstate NY Engineers Fund will receive grants totaling almost $250 million under the Special Financial Assistance Program.

Pensions August 22, 2024

PBGC Grants $31.6M to Newspaper Drivers Pension Plan

The Ohio-based Newspaper Drivers Local 473 Plan will receive funding under the Special Financial Assistance Program.

Regulation July 29, 2024

Teamsters Plan Receives $5.7B From PBGC

The grant will keep the plan solvent through 2051.

Regulation July 22, 2024

PBGC Insurance Funds Well-Funded for Years to Come

The Pension Benefit Guaranty Corporation’s projection shows both pension insurance funds are in great shape financially.

Regulation July 18, 2024

PBGC FAQ Speaks to Bond Qualifications for SFA Investing

SFA recipients must invest at least two-thirds of their grant in investment-grade fixed income assets.

Regulation July 17, 2024

PBGC Issues $1.5B to Struggling Musicians’ Pension

The grant is among the largest the PBGC has made.

Regulation July 2, 2024

Kansas Construction Pension Fund Receives $43.1M PBGC Grant

The funding will keep the plan solvent through 2051.

Regulation June 21, 2024

PBGC Rescues 5 Multiemployer Pension Funds Covering 200,000 Workers and Retirees

The grants totaled nearly $6 billion in value.

Pensions June 13, 2024

Illinois Multiemployer Fund Agrees to Repay $8M in Excess Bailout Funds

The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.