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District Court Upholds PBGC Denial of Restored Pension Fund s Grant Application

Local 550’s plan was terminated in 2016 and restored itself in 2022 before applying for a special financial assistance grant, which was denied.

New yorkUnited statesFloral parkJohn lowellUs district courtPension benefit guaranty corporationInternational brotherhood of teamstersBoard of trustees the bakery driversIndustry pension fundHostess brands incBakery drivers localEastern districtNew york basedSpecial financial assistanceEmployee retirement income securityOctober three

Bakery Drivers Plan Loses Case in $132M SFA Application

The plan applied for special financial assistance but was denied because the pension fund had previously been terminated.

New yorkUnited statesFloral parkJohn lowellHostess brands incInternational brotherhood of teamstersIndustry pension fundBoard of trustees the bakery driversUs district courtPension benefit guaranty corporationBakery drivers localEastern districtNew york basedSpecial financial assistanceEmployee retirement income securityOctober three

PBGC approves special financial assistance aid to 2 more struggling multiemployer plans

The PBGC approved supplemental special financial assistance applications totaling $407 million to aid two struggling multiemployer pension plans.

United statesUnited independent unionIndustry pension fundNewspaper guildPension benefit guaranty corpFinancial assistance programPension benefit guarantyUnited independent union newspaper guildGreater philadelphia pension planBakery driversSalesmen localSpecial financial assistance programAmerican rescue plan actBakery drivers localNorth brunswick

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