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1 New York, 2 Michigan Pension Plans Receive PBGC Assistance

The three supplemental SFA packages provide a total of more than $200 million.

United statesDetroit newspaper union planGraphic communications international unionGraphic communications conference of the teamsters unionGraphic communications unionPension benefit guaranty corporationSpecial financial assistanceGraphic communications conferenceTeamsters unionPainters localNew york basedGraphic communications union localAmerican rescue plan actFinal rule

PBGC Supplements Aid to Newspaper, Painter, Graphic Communication Pension Plans

The three pension plans had additional SFA packages approved Friday.

United statesDetroit newspaper union planGraphic communications international unionGraphic communications unionGraphic communications conference of the teamsters unionPension benefit guaranty corporationSpecial financial assistanceGraphic communications conferenceTeamsters unionPainters localNew york basedGraphic communications union localAmerican rescue plan actFinal rule

PBGC Approves Over $300 Million in SFA Funds to 3 Pensions | Chief Investment Officer

The struggling multiemployer plans cover nearly 2,000 participants.

Multiemployer insurance programDetroit newspaper unionFinancial assistance programGraphic communications unionPension benefit guaranty corporationSpecial financial assistance programTeamsters localRetirement benefit planNewspaper unionGraphic communications union localNew jersey based localInsurance programMichigan based graphic communications union local

PBGC Greenlights Over $300 Million For 3 Multiemployer Pensions

The Special Financial Assistance program funding will cover benefit payments for almost 2,000 participants.

Multiemployer insurance programDetroit newspaper unionFinancial assistance programGraphic communications unionPension benefit guaranty corporationSpecial financial assistance programTeamsters localRetirement benefit planNewspaper unionGraphic communications union localNew jersey based localInsurance programMichigan based graphic communications union local

Federal bailouts OK d for 2 Detroit area union pension funds

The $146 million in bailout money goes to shore up the pensions of retired newspaper printers and graphic workers.

United statesButch lewisJoe bidenIsrael castroDetroit freePension benefit guaranty corpDetroit newspaper unionDistrict councilDetroit free pressGraphic communications unionGraphic communicationsTeamsters district councilJc reindl detroit freeGraphic communications union localRetirement benefit planNewspaper union

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