SFA Update – Two New Filers

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update showed two new bailout filings (Bricklayers and Allied Craftsmen Local 7 Pension Plan out of Akron, OH and Bricklayers Union Local No. 1 Pension Fund* out of Roanoke, VA).

Our updated summary now has 40 plans in the system – 27 approvals and 13 under review.

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** There were no Schedule MBs in the 2020 or 2019 filings so the unfunded liability comes from the 2018 filing.

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