
Regulation
Ohio Teamsters Local Union Receives PBGC Assistance.
The PBGC provided about $85 million to the union pension fund that was bordering on insolvency.
The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.
More than $800 million from Special Financial Assistance Program will help two pension funds covering more than 22,000 participants.