Press Room

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 of Local 102 (Teamsters Local 102 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 CWA/ITU Negotiated Pension Plan (CWA/ITU 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 Radio, Television and Recording Arts Pension Plan (Radio, Telev

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 Maryland Race Track Employees Pension Plan (Maryland Race Track

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 Regional Pension Fund (UFCW Regional Fund).

WASHINGTON, D.C. – Ann Y. Orr has been designated by President Biden to serve as the acting director of the Pension Benefit Guaranty Corporation (PBGC). Gordon Hartogensis, the former director of PBGC, concluded his five-year term appointment on April 30, 2024.

WASHINGTON, D.C. – Gordon Hartogensis, the first director to serve the full five-year term, will conclude his appointment at the Pension Benefit Guaranty Corporation (PBGC) on April 30, 2024. Hartogensis was confirmed by the U.S. Senate on April 30, 2019.

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 United Food and Commercial Workers Union Local 152 Retail Meat

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 Teamsters Union Local No. 73 Pension Plan (Local 73 Plan).

PBGC is committed to effective stewardship of taxpayer funds. On April 8, 2024, the Central States Pension Plan (Central States) returned to the U.S. Government more than $126.5 million—the portion of the SFA amount paid to the plan based on inaccurate participant census data.

The Pension Benefit Guaranty Corporation (PBGC) strongly supports the repayment of any Special Financial Assistance (SFA) that was paid based on inaccurate census data.

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.