Tag: Special Financial Assistance program

Support is approved for Teamsters Local 111, Marine Carpenters Fund, UFCW Tri-State Plan and I.B.E.W Pacific Coast Fund.

Money from the Special Financial Assistance Program will help the pension fund, which was projected to become insolvent in 2032.

Aid to Michigan-based fund will benefit it more than 22,000 participants. 

The Newspaper Drivers Local 473 Plan will receive funding under the federal Special Financial Assistance Program.

The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...

This could be a reason to lower premiums, though insurance conditions have been volatile before.

The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.

Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.

Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.

Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.

The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...

The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.

The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.