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    • Pension Benefit Guaranty Corporation

Pension Benefit Guaranty Corporation Newsletter
  • PBGC Provides Supplemental Assistance to Teamsters Local 966 16 May 2023 21:58 GMT

    … to another Teamsters-affiliated pension plan. The Teamsters Local … 966 Health Pension Plan, based in Cresskill … would be calculated. The PBGC provided an additional $ … allows for PBGC funding for severely underfunded multiemployer pension plans. …

  • PBGC Bails Out Service, Manufacturing, Transportation Pension Funds 05 May 2023 02:53 GMT

    … Office and Professional Employees Pension Plan, the United Furniture … Material Drivers Local 436 Pension Plan. The Western States … plans in need of PBGC assistance, the Western States … allows for PBGC funding for severely underfunded multiemployer pension plans. …

  • PBGC Bails Out Bakery Driver, Newspaper Plans 28 Apr 2023 21:29 GMT

    … Assistance funds to two struggling pension funds. The first was … Local 194 and Industry Pension Fund. The PBGC provided $110.9 … benefits by approximately 45% to PBGC minimum levels. The plan … Newspaper Guild of Greater Philadelphia Pension Plan. The UIU-NPG …

  • Cement Workers’, Teamsters’ Pensions Receive Additional PBGC Funding 11 Apr 2023 01:33 GMT

    Last week, the Pension Benefit Guaranty Corporation provided supplemental assistance to four struggling pension plans through … approximately 20%. On Friday, the PBGC provided supplemental assistance to three …

  • This agency tries to preserve pensions for millions of people 29 Mar 2023 13:19 GMT

    … Roofers Local 134 Pension Plan, cut pension benefits for 45 … review, the PBGC approved backpay and restored pension payments to … special recognition. Alice Maroni, PBGC’s chief management officer, … benefits to ensure their pensions remained intact. “These …

  • Diving Into SECURE 2.0: Changes for Defined Benefit Pension Plans 16 Mar 2023 06:29 GMT

    … Elimination of PBGC Variable Rate Premium Indexing Defined benefit pension plans pay … an annual premium to the Pension Benefit Guaranty Corporation (PBGC). The premium consists of both … in the PBGC variable premium rate. Transfer of Surplus Pension Assets to …

  • Court Refuses to Dismiss Central States Pension Lawsuit 27 Feb 2023 22:14 GMT

    … States Multiemployer Pension Plan Receives $35.8 billion in PBGC Assistance Multiple … Employer Pension Plans May Need to … Circuit, Southeast and Southwest Areas Pension Fund, Transervice Logistics, Zenith Logistics

  • PBGC Provides Supplemental Assistance to 4 Struggling Pensions 22 Feb 2023 03:23 GMT

    The Pension Benefit Guaranty Corporation provided supplemental Special Financial Assistance to four multiemployer pension plans last … allows for PBGC grants to severely underfunded multiemployer pension plans. Pension funds that …

  • In a New Pension Plan Actuarial Standard, a Subtle Warning of Possible ‘Fire!’ 20 Feb 2023 15:16 GMT

    … requirements on companies offering pension plans. Those requirements … of pensions via the Pension Benefit Guarantee Corporation (PBGC).  If … mill workers, whose pensions had been both grievously … our state constitution prohibits pensions from being “diminished …

  • PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans 01 Feb 2023 01:03 GMT

    The Pension Benefit Guaranty Corporation approved supplemented Special Financial Assistance applications for three union pension plans … allows for PBGC grants to severely underfunded multiemployer pension plans. Pension funds that …

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