Archive for the ‘PBGC’ Category

SFA Update – Three More Approvals

The PBGC Special Financial Assistance program for troubled multiemployer plans approved three more plans for bailouts, and they went out of submission order for one.

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SFA Update – One Revision; One Withdrawal

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update showed one plan withdrawing and reapplying immediately with another simply withdrawing.

Our updated summary of the 35 plans in the system – 10 approvals and 25 under review:

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SFA Update – Three New Filers

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update came out today with three new filings, including one of the largest so far (though not that one yet).

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SFA Update – Two New Approvals

The PBGC Special Financial Assistance program for troubled multiemployer plans approved two more plans for bailouts today.

Our updated summary of the 33 plans in the system – 10 approvals and 23 under review:

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SFA Update – New NJ Approval

The PBGC Special Financial Assistance program for troubled multiemployer plans approved another plan for a bailout, and it happens to be located a few blocks from where I am typing this.

From the press release:

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SFA Update – One New NJ Filer

NJThe PBGC Special Financial Assistance program for troubled multiemployer plans weekend update showed one new plan applying – U.T.W.A. NJ Union Employer Pension Plan out of Trenton, NJ.

Our updated summary of the 33 plans in the system – 7 approvals and 26 under review:

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SFA Update – Two More Approvals

The PBGC Special Financial Assistance program for troubled multiemployer plans approved two more plans for bailouts, and they went out of submission order for them.

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SFA Update – One New 1/5th Billion Dollar Filer

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update showed one new plan applying – Freight Drivers and Helpers Local Union No. 557 Pension Plan out of Baltimore, MD.

Our updated summary of the 32 plans in the system – 5 approvals and 27 under review:

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SFA Update – Another Refiler

The PBGC Special Financial Assistance program for troubled multiemployer plans weekend update came out today and all it showed was one of the plans that previously filed and withdrew reapplying – Local Union No. 466 Painters, Decorators and Paperhangers Pension Plan out of Menands, NY which also recently filed a new 5500:

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SFA Big Plan Bailout

A month from today the PBGC Special Financial Assistance program for troubled multiemployer plans will open up to plans with over 350,000 participants. According to 5500 date there are three of those and here is an estimate of how much each could cost taxpayers.

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