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This page has not been translated. Please go to PBGC.gov's Spanish home page for more information available in Spanish.

Esta página no ha sido traducida. Por favor vaya a la página principal del sitio de español de PBGC para ver información disponible en español.

# Press Room

### 2022

                                -  Nov16  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 
 

                                -  Nov15  PBGC Releases FY 2022 Annual ReportFinances 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 
 

                                -  Oct25  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 
 

                                -  Oct24  PBGC Approves SFA Application for Bricklayers Local 7 PlanBricklayers 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 
 

                                -  Oct13  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 
 

                                -  Oct6  PBGC Approves SFA Application for Sheet Metal Workers PlanSheet 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 
 

                                -  Oct4  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 
 

                                -  Sep9  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 
 

                                -  Aug30  PBGC Approves Special Financial Assistance ApplicationGWU 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 
 

                                -  Aug5  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 
 

                                -  Aug1  PBGC Approves Special Financial Assistance ApplicationGCIU 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 
 

                                -  Jul25  PBGC Approves Special Financial Assistance ApplicationWestern 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 
 

                                -  Jul13  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 
 

                                -  Jul6  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 
 

                                -  Jun23  Painters Local 466 Pension Plan to Receive $5.4 MillionPBGC 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 
 

                                -  May31  PBGC Approves Special Financial Assistance ApplicationMid-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 
 

                                -  May18  PBGC Approves Special Financial Assistance ApplicationIron 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 
 

                                -  May17  PBGC Approves Special Financial Assistance ApplicationLongshoremen 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 
 

                                -  May3  PBGC Approves Special Financial Assistance ApplicationCarpenters 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 
 

                                -  May3  PBGC Approves Special Financial Assistance ApplicationLocal 365 UAW 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 Local 365 UAW Pension Fund Pension Plan (Local 365 UAW Plan). The plan, based in Englewood Cliffs, New Jersey, covers 3,736 participants in the manufacturing industry.
- Press Release:                       22-22 
 

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