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Biden’s Nomination for PBGC Director Withdrawn
President-elect Donald Trump will get to nominate a new candidate for the director position.
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Four Distressed Pension Funds Approved for PBGC Grants
Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.
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Midwestern Teamsters Approved for $23.6M PBGC Grant
Money from the Special Financial Assistance Program will help the pension fund, which was projected to become insolvent in 2032.