Press Room

The Special Financial Assistance (SFA) Program, established under the American Rescue Plan Act of 2021 (ARP), provides funds to severely underfunded multiemployer pension plans that were facing insolvency and ensures that millions of workers, retirees, and their families receive the pension benefits they earned through many years of hard work.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Laborers’ International Union of North America Local Union No.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) has selected six investment management firms to participate in its Smaller Asset Managers Program.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation invites interested parties to submit nominations by February 16, 2024, for a spot on the agency’s Advisory Committee representing the interests of the general public.

WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2023 Annual Report. The report shows continued financial strength in PBGC’s insurance programs.

PBGC appreciates OIG’s conclusion reached in their closure memo of September 27, 2023, that Special Financial Assistance (SFA) funds were not improperly paid to plans, were not paid to deceased participants or beneficiaries, and should not be subject to

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Local 210’s Pension Plan (Local 210’s Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Paper Handlers-Publishers Pension Plan (Paper Handlers-Publishe

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Plasterers and Cement Masons Local No.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Local Union No. 863 I.B. of T. Pension Plan (IBT Local 863 Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Ironworkers Local Union No. 16 Pension Plan (Ironworkers Local 16 Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Southern California, Arizona, Colorado and Southern Nevada Glaziers, Architectur

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Local 917 Pension Plan (Local 917 Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Pension Plan for Employees of United Furniture Workers of America and Related Or

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the New Bedford Fishermen’s Pension Fund (New Bedford Fishermen’s Fund).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Retirement Plan of the Retirement Fund of Local 305 CIO's Pension Fund (Local 30

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Southwest Ohio Regional Council of Carpenters Pension Plan (Southwest Ohio Carpe

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the UFCW Local One Pension Plan (UFCW Local One Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the IUE-CWA Pension Plan (IUE-CWA Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the the Newspaper Guild International Pension Plan (Newspaper Guild International Pl