Benefits |
SFA Grant Rescues Printer’s Pension Fund
The NYC-based plan will receive about $20 million to restore its solvency through 2051.
Tag: SFA
PBGC Grants $3.2M to Pennsylvania Construction Pension Fund
The Plasterers and Cement Masons Local No. 94 Pension Fund will see a full restoration of cut benefits.
PBGC Grants $334 Million to Transportation Pension
The pension would have had to cut benefits by 75% upon becoming insolvent.
Pension Fund With Very Few Active Participants Granted $36.3M in SFA Funds
The fund had a receiving-to-active participant ratio of nearly 50-to-1 as of 2021.
Multiemployer Plans in Service, Printing, Manufacturing Receive More Than $1B in Assistance
The three plans cover more than 30,000 participants across two states and Washington, D.C.
PBGC Issues FAQ on Acceptable SFA Investments
Permissible return seeking assets are normally SEC-registered common stock, and investment grade fixed income includes investment-grade bonds and US treasuries.
Benefits |
PBGC Grants More Than $2 Billion to PACE and National Integrated Group Pensions
Three smaller plans also received SFA assistance.
Teamsters Local 966 Receives $8 Million in PBGC Supplemental Assistance
The New Jersey-based plan’s total aid from the PBGC now exceeds $60 million.
PBGC Grants More Than $600 Million to 3 Struggling Pension Funds
The pensions are in the service, transportation and manufacturing industries.
Bakery Driver, Newspaper Guild Plans Receive SFA Funds
The PBGC provided SFA assets to two soon-to-be-insolvent pensions, one from New Jersey and one in Pennsylvania.
PBGC Provides More Than $400 Million in Supplemental Funding to New York Teamsters
The NYS Teamsters Conference Plan has now received approximately $1.4 billion in total. The PBGC also provided supplemental relief to...