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PBGC Bails Out Struggling NY Pension With $112.6 Million in Aid

The Local 138 Pension Plan becomes the first multiemployer plan to receive funds under the American Rescue Plan Act.

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PBGC approves aid for 2 more struggling multiemployer plans

The Bricklayers and Allied Craftworkers Local 5 and the Road Carriers Local 707 plans will get federal assistance, the PBGC said.

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Second Struggling Union Pension Wins PBGC Financial Support

Alongside confirming that the payment has now gone out to Local 138, PBGC this week announced it has approved a second application for emergency pension funding.

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