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PBGC OKs aid to multiemployer plan facing insolvency

The PBGC approved $36 million in special financial assistance to prevent the Retirement Plan of the Retirement Fund of Local 305 from going insolvent.

United statesFinancial assistance programPension benefit guaranty corpPension benefit guarantyRetirement planRetirement fundSpecial financial assistance programAmerican rescue plan act

Carpenters pension fund gets federal injection of $183M stimulus money

Carpenters pension fund gets federal injection of $183M stimulus money
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United statesSherrod brownJuliea suGreg landsmanOhio regional council of carpenters pension planPension benefit guaranty corporationPension benefit guarantySouthwest ohio regional councilCarpenters pension planActing secretarySpecial financial assistanceAmerican rescue planCity hallSouthwest ohioSenator sherrod

PBGC approves relief for carpenters multiemployer pension plan

The Pension Benefit Guaranty Corp. approved $183 million in special financial assistance to a regional carpenters multiemployer pension plan.

United statesFinancial assistance programOhio regional council of carpenters pension planPension benefit guaranty corpPension benefit guarantyOhio regional councilCarpenters pension planSpecial financial assistance programMultiemployer pension reform actAmerican rescue plan act

The Editorial Board: Good news union workers pensions, but don t forget Delphi

About 20,000 salaried retirees from Delphi Corp. have been fighting to recover pensions reduced some 14 years ago, from 30% to 70%.

United statesNew yorkBrian higginsClaudia tenneyKirstene gillibrandTenney susan muffleyNick langworthyPension benefit guaranty corpWorkers local one pension fundAmerican rescue plan special financial assistance programDelphi corpInternational brotherhood of electrical workersSenate republicansSenate majority leader chuck schumerWestern new yorkUnited food

Yellow Corp non-union pension participants in waiting mode after bankruptcy filing

Yellow Corp., filed for bankruptcy and some participants in their non-union pension funds now wait to learn how their benefits will be affected.

United statesPension benefit guaranty corpYellow corpSoutheast southwest areas pension fundOfficials at yellow corpPension benefit guarantyPension planYellow retirement pension planTeamsters central statesSouthwest areas pension fund