The PBGC Special Financial Assistance program for troubled multiemployer plans has ruled on the second plan to apply for bailout money.
The Local 138 Pension Trust Fund applied for $110,212,179 on August 23, 2021. Today, exactly 120 days later, their status on the SFA website changed:
| Plan Name | Date of Application | Status | Redacted Application* |
|---|
Plan Name: Local 138 Pension Trust Fund
EIN/PN: 11-6170655/001
Total participants @ 12/31/19: 1,740 including:
Retirees: 1,056
Separated but entitled to benefits: 508
Still working: 176
Asset Value (Market) @ 1/1/19: $23,869,564
Value of liabilities using RPA rate (3.06%) @ 1/1/19: $140,006,255 including:
Retirees: $88,770,785
Separated but entitled to benefits: $28,377,477
Still working: $22,857,993
Funded ratio: 17.05%
Unfunded Liabilities as of 1/1/19: $116,136,691
Asset Value (Market) as of 12/31/19: $18,423,547
Contributions(H): $504,431 Contributions (SB): $519,843 Payouts: $7,073,675
Expenses: $487,657
Burypensions Blog 
Posted by geoxrge on December 22, 2021 at 8:16 am
Still working: $22,857,993
Still working: 176
$22,857,993 / 176 = $129,875 per person
Separated but entitled to benefits: $28,377,477
Separated but entitled to benefits: 508
$28,377,477 / 508 = $55,861 per person
Retirees: $88,770,785
Retirees: 1,056
$88,770,785 / 1,056 = $84063 per person