Press Room

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Freight Drivers and Helpers Local Union No. 557 Pension Plan (Freight Drivers Local 557 Plan). The plan, based in Baltimore, Maryland, covers 2,273 participants in the transportation industry.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Sheet Metal Workers Local Pension Plan (Sheet Metal Workers Plan). The plan, based in Massillon, Ohio, covers 1,649 participants in the construction industry.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Retirement Plan of Local 1482 – Paint and Allied Products Manufacturers Retirement Fund (Local 1482 Plan). The plan, based in the New York Metropolitan Area, covers 152 participants in the manufacturing industry.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Gastronomical Workers Union Local 610 and Metropolitan Hotel Association Pension Fund (GWU Local 610 Plan). The plan, based in San Juan, Puerto Rico, covers 2,624 participants in the hospitality industry.

WASHINGTON, D.C.— The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Graphic Communications Union Local 2-C Retirement Benefit Plan (GCU 2-C Plan). The plan, based in Warren, Michigan, covers 535 participants in the printing industry.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Local Union No. 466 Painters, Decorators and Paperhangers Pension Plan (Painters Local 466 Plan). The plan, based in Menands, New York, covers 45 participants in the construction industry.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Retirement Benefit Plan of GCIU Detroit Newspaper Union 13N with Detroit Area Newspaper Publishers (Detroit Newspaper Union Plan). The plan, based in Warren, Michigan, covers 563 participants in the printing industry.

WASHINGTON, D.C. – Today, the Pension Benefit Guaranty Corporation (PBGC) announced the appointment of John Hanley as Chief of Negotiations and Restructuring.

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 Local 82 Pension Fund (Plasterers Local 82 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 Alaska Ironworkers Pension Plan (Alaska Ironworkers Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today announced a final rule amending the special financial assistance (SFA) regulation to add an exception process for certain withdrawal liability conditions that apply to a plan that receives SFA. The amendment is responsive to public comments received on the SFA final rule published on July 8, 2022.

On September 28, 2022, the Pension Benefit Guaranty Corporation received an application for Special Financial Assistance (SFA) for the Bakery Drivers Local 550 and Industry Pension Fund (the “Plan”) requesting $132,250,472 in SFA.

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Teamsters Local 641 Pension Plan (Local 641 Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Printers League Graphic Communications International Union Local 11

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 International Association of Machinists Motor City Pension Plan (Machinists Moto

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 Toledo Roofers Local No. 134 Pension Plan (Toledo Roofers Local 134 Plan).

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Management-Labor Pension Plan Local 1730 ILA (Longshoremen Local 17

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Local 408 International Brotherhood of Teamsters, Chauffeurs, Wareh

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the supplemented application submitted to the Special Financial Assistance (SFA) Program by the Local 365 UAW Pension Fund Pension Plan (Local 365 UAW Plan).

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