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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

### 2024

                                -  Apr12  PBGC Approves SFA Application for UFCW Local 152 PlanUFCW Local 152 Plan Averts Insolvency and Reduction of 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 United Food and Commercial Workers Union Local 152 Retail Meat 
- Press Release:                       24-005 
 

                                -  Apr12  PBGC Approves SFA Application for Local 73 PlanLocal 73 Plan Averts Insolvency and Reduction of 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 Teamsters Union Local No. 73 Pension Plan (Local 73 Plan).
- Press Release:                       24-004 
 

                                -  Apr8  PBGC Statement on Central States’ Repayment of $126.5 Million in Special Financial Assistance
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.
- statement:                       12 
 

                                -  Mar15  PBGC Statement on Department of Labor’s Statement of Enforcement Policy Regarding Return of Excess Special Financial Assistance Payments
The Pension Benefit Guaranty Corporation (PBGC) strongly supports the repayment of any Special Financial Assistance (SFA) that was paid based on inaccurate census data.
- statement:                       11 
 

                                -  Feb26  Statement on Letter to House Education and Workforce Committee Chairwoman Foxx and Subcommittee Chairman Good
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.
- statement:                       10 
 

                                -  Jan26  PBGC Approves SFA Application for Laborers’ International Local 1822 FundLaborers’ International Local 1822 Fund Preserves 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 Laborers’ International Union of North America Local Union No.
- Press Release:                       24-003 
 

                                -  Jan19  PBGC Names Six Firms for Smaller Asset Managers Program
**WASHINGTON, D.C.** — The Pension Benefit Guaranty Corporation (PBGC) has selected six investment management firms to participate in its Smaller Asset Managers Program.
- Press Release:                       24-002 
 

                                -  Jan2  PBGC Seeks Nominations for Advisory CommitteeMember needed to represent ‘general public’ category
**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.
- Press Release:                       24-001 
 

### 2023

                                -  Nov16  PBGC Releases FY 2023 Annual ReportFinancial Positions of PBGC Insurance Programs Continue to Strengthen
**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.
- Press Release:                       23-048 
 

                                -  Nov2  Statement on PBGC Office of Inspector General Management Alert
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 
- statement:                       09 
 

                                -  Oct27  PBGC Approves SFA Application for Local 210’s PlanLocal 210’s Plan Averts Insolvency and Reduction of 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 Local 210’s Pension Plan (Local 210’s Plan).
- Press Release:                       23-047 
 

                                -  Sep22  PBGC Approves SFA Application for Paper Handlers-Publishers PlanPaper Handlers-Publishers Plan Averts Insolvency and Reduction of 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 Paper Handlers-Publishers Pension Plan (Paper Handlers-Publishe
- Press Release:                       23-046 
 

                                -  Sep12  PBGC Approves SFA Application for Plasterers and Cement Masons Local 94 FundPlasterers and Cement Masons Local 94 Fund 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 Plasterers and Cement Masons Local No.
- Press Release:                       23-045 
 

                                -  Sep7  PBGC Approves SFA Application for IBT Local 863 PlanIBT Local 863 Plan Averts Insolvency and Reduction of 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 Local Union No. 863 I.B. of T. Pension Plan (IBT Local 863 Plan).
- Press Release:                       23-044 
 

                                -  Aug30  PBGC Approves SFA Application for Ironworkers Local 16 PlanIronworkers Local 16 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 Ironworkers Local Union No. 16 Pension Plan (Ironworkers Local 16 Plan).
- Press Release:                       23-043 
 

                                -  Aug29  PBGC Approves SFA Application for Southern California Glaziers PlanSouthern California Glaziers 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 Southern California, Arizona, Colorado and Southern Nevada Glaziers, Architectur
- Press Release:                       23-042 
 

                                -  Aug29  PBGC Approves SFA Application for Local 917 PlanLocal 917 Plan Averts Insolvency and Reduction of 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 Local 917 Pension Plan (Local 917 Plan).
- Press Release:                       23-041 
 

                                -  Aug29  PBGC Approves SFA Application for United Furniture Workers PlanUnited Furniture Workers Plan Averts Insolvency and Reduction of 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 Pension Plan for Employees of United Furniture Workers of America and Related Or
- Press Release:                       23-040 
 

                                -  Aug29  PBGC Approves SFA Application for New Bedford Fishermen’s FundNew Bedford Fishermen’s Fund Averts Insolvency and Reduction of 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 Bedford Fishermen’s Pension Fund (New Bedford Fishermen’s Fund).
- Press Release:                       23-039 
 

                                -  Aug18  PBGC Approves SFA Application for Local 305 CIO FundLocal 305 CIO Fund Averts Insolvency and Reduction of 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 Retirement Plan of the Retirement Fund of Local 305 CIO's Pension Fund (Local 30
- Press Release:                       23-038 
 

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