Compliance | June 13th, 2024 $8M Repayment of Excess SFA Money Coming From Illinois Multiemployer Pension The refund is the second such settlement related to overpayment of Special Financial Assistance due to the inclusion of deceased...
Compliance | November 20th, 2023 PBGC Nearly $50B in the Green, Report Says This could be a reason to lower premiums, though insurance conditions have been volatile before.
Administration | July 28th, 2023 Senate, House Far Apart on DOL Budget The two appropriation bills are about $4 billion apart in terms of discretionary funding for the department.
Compliance | July 17th, 2023 Manufacturing, Transportation, Retail Pension Funds Receive PBGC Bailouts Special Financial Assistance funds were granted to three struggling pension plans by the PBGC on July 11.
Compliance | April 25th, 2023 DOL Offers Guidance for Multiemployer Plans Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.
Compliance | February 21st, 2023 Transportation, Sheet Metal, Service and Manufacturer Pensions Receive PBGC Assistance Multiemployer pension plans from Baltimore, New York, Puerto Rico and Ohio received a total of $26.7 million of additional assistance.
Compliance | December 15th, 2022 Two More Struggling Union Plans Receive PBGC Assistance The plans combine to cover more than 10,000 participants, and their aggregate PBGC assistance adds up to more than $700...
Compliance | November 23rd, 2022 PBGC Grants $85 Million to Struggling Ohio Teamsters Pension The Ohio-based Teamsters Union Pension Plan was approaching insolvency, and its application for Special Financial Assistance was approved Tuesday.
Data and Research | August 12th, 2022 Funded Levels for Multiemployer Plans Tumble in First Half of 2022 The total funding shortfall for more than 1,200 plans balloons by $85 billion in six months.