Regulation June 3, 2022 PBGC Soon to Release New Final Rule on Special Financial Assistance for Multiemployer Plans Public commenters expressed concerns over investment restrictions, discount rate calculations.
Newsmakers April 28, 2022 PBGC Approves Over $300 Million in SFA Funds to 3 Pensions The struggling multiemployer plans cover nearly 2,000 participants.
Newsmakers April 8, 2022 PBGC to Provide Nearly $700 Million to 3 Insolvent Multiemployer Plans Plans covering over 5,550 participants have been approved to receive bailout funds under the American Rescue Plan.
Newsmakers February 14, 2022 Teamsters Pension Applies for Bailout After $58 Million Legal Appeal Dismissed A circuit court has denied the New York multiemployer pension’s attempt to recover withdrawal liabilities from the bankrupt firm’s new owner.
Newsmakers January 21, 2022 PBGC Bails Out Struggling NY Pension With $112.6 Million in Aid The Local 138 Pension Plan becomes the first multiemployer plan to receive funds under the American Rescue Plan Act.
Regulation July 14, 2021 PBGC Issues Interim Final Rule on Multiemployer Bailout Plan The agency’s proposal sets a priority system for distributing $94 billion to severely underfunded pension plans.