2022
-
Nov 18
PBGC Approves SFA Application for New York State Teamsters Pension Plan
NYS Teamsters Conference Plan Will Restore Benefits Through Receipt of Special Financial Assistance
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 York State Teamsters Conference Pension and Retirement Plan (NYS Teamst
- Press Release: 22-42
-
Nov 16
President Names PBGC Advisory Committee Members
WASHINGTON, D.C. – President Joseph R. Biden, Jr. has appointed the following members to serve on the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC):
- Press Release: 22-41
-
Nov 15
PBGC Releases FY 2022 Annual Report
Finances of PBGC’s Insurance Programs Continue to Improve
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) today released its Fiscal Year (FY) 2022 Annual Report.
- Press Release: 22-40
-
Oct 25
PBGC Industry Day for Upcoming Smaller Asset Manager Program Solicitation
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) is hosting an Industry Day virtual conference for asset management firms interested in the Smaller Asset Manager Program (SAMP) on November 10, 2022, at 10:00 a.m. ET. The Industry Day conference will describe PBGC’s upcoming fixed income management services solicitation and the federal procurement process. PBGC’s goal is to expand the number of contracts awarded under the program.
- Press Release: 22-39
-
Oct 24
PBGC Approves SFA Application for Bricklayers Local 7 Plan
Bricklayers Local 7 Plan to Receive Special Financial Assistance
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 Bricklayers and Allied Craftsmen Local 7 Pension Plan (Bricklayers Local 7 Plan)
- Press Release: 22-38
-
Oct 13
PBGC Proposes Rule for Multiemployer Plans to Clarify Assumptions for Determining an Employer’s Withdrawal Liability
WASHINGTON, D.C. - The Pension Benefit Guaranty Corporation (PBGC) is proposing a new regulation to provide interest rate assumptions in determining a withdrawing employer’s liability to a multiemployer pension plan.
- Press Release: 22-37
-
Oct 6
PBGC Approves SFA Application for Sheet Metal Workers Plan
Sheet Metal Workers Plan to Receive Special Financial Assistance
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 Sheet Metal Workers Local Pension Plan (Sheet Metal Workers Plan). The application was submitted and approved under provisions of PBGC’s SFA interim final rule. The plan, based in Massillon, Ohio, covers 1,649 participants in the construction industry.
- Press Release: 22-36
-
Oct 4
PBGC Approves SFA Application for Freight Drivers Local 557 Plan
Freight Drivers Local 557 Plan to Receive Special Financial Assistance
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 Freight Drivers and Helpers Local Union No.
- Press Release: 22-35
-
Sep 9
PBGC Releases FY 2021 Projections Report
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) today released the agency’s Fiscal Year (FY) 2021 Projections Report.
- Press Release: 22-34
-
Aug 30
PBGC Approves Special Financial Assistance Application
GWU Local 610 Plan to Receive SFA
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 Gastronomical Workers Union Local 610 and Metropolitan Hotel Association Pension
- Press Release: 22-33
-
Aug 5
PBGC's Karen Morris Named General Counsel
WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Karen Morris to General Counsel.
"We are delighted that Karen will serve as General Counsel," said PBGC Director Gordon Hartogensis. "Karen has expert knowledge of ERISA and bankruptcy matters and she is a trusted source of practical solutions that will help support the agency's mission and protect the retirement security of millions of workers and retirees."
- Press Release: 22-32
-
Aug 1
PBGC Approves Special Financial Assistance Application
GCIU Local 119B Plan to Receive SFA
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 the Printers League - Graphic Communications International Union
- Press Release: 22-31
-
Jul 25
PBGC Approves Special Financial Assistance Application
Western Pennsylvania Teamsters and Employers Pension Plan to Receive SFA
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 Western Pennsylvania Teamsters and Employers Pension Plan (Western Pennsylvania Teamsters Plan). The plan, based in Pittsburgh, Pennsylvania, covers 21,110 participants in the transportation industry.
- Press Release: 22-30
-
Jul 13
PBGC Rated Number One in “Best Places to Work” Among Small Federal Agencies
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) ranked number one in the small agency category of the 2021 Best Places to Work in the Federal Government. This is an annual comprehensive analysis and ranking conducted by the nonpartisan, nonprofit Partnership for Public Service and Boston Consulting Group.
- Press Release: 22-29
-
Jul 6
PBGC Issues Final Rule on Special Financial Assistance
WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) today announced a final rule implementing changes to the Special Financial Assistance (SFA) Program for financially troubled multiemployer pension plans.
- Press Release: 22-28
-
Jun 23
Painters Local 466 Pension Plan to Receive $5.4 Million
PBGC Approves Special Financial Assistance for Menands, New York-based 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 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.
- Press Release: 22-27
-
May 31
PBGC Approves Special Financial Assistance Application
Mid-Jersey Trucking Industry and Teamsters Local 701 Plan to Receive SFA
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 Mid-Jersey Trucking Industry and Teamsters Local 701 Pension Plan (Teamsters 701 Plan). The plan, which is based in North Brunswick, New Jersey, covers 1,623 participants in the transportation industry.
- Press Release: 22-26
-
May 18
PBGC Approves Special Financial Assistance Application
Iron Workers Local 17 Fund to Receive SFA
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 Iron Workers Local 17 Pension Fund (Iron Workers Local 17 Fund). The fund, based in Cleveland, Ohio, covers 1,900 participants in the construction industry.
- Press Release: 22-25
-
May 17
PBGC Approves Special Financial Assistance Application
Longshoremen Local 1730 Plan to Receive SFA
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 Management-Labor Pension Plan Local 1730 ILA (Longshoremen Local 1730 Plan). The plan, based in Mastic, New York, covers 478 participants in the transportation industry.
- Press Release: 22-24
-
May 3
PBGC Approves Special Financial Assistance Application
Carpenters Pension Plan to Receive SFA
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 Carpenters Industrial Council of Eastern Pennsylvania Pension Plan (Carpenters Pension Plan). The plan, based in Ashland, Pennsylvania, covers 242 participants in the construction industry.
- Press Release: 22-23
PBGC Press Contacts
Stay Connected with Us
Receive email notices when PBGC issues a press release.
Join the conversation and connect via the icons below.