The repayment is the second related to overpayment of excess funds received from the PBGC in connection with the Special Financial Assistance Program.
According to the paper, the American Rescue Plan Act is a near-term plug but does not fix long-term insolvency problems.
Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Investment losses dragged aggregate funded levels 12 percentage points lower in 2022.
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.