Good News From The PBGC! Fund Applications Are Starting To Get Approved!

[Freightmaster1]

Good Afternoon Pension Warriors! PLEASE SHARE!
Earlier today we sent out the Good News regarding the approval of the SFA for Road Carriers Local 707 Pension Plan. In the recent weeks, the following SFA Applications have been approved, and in the case of Local 138, received payment:
12/21/21 Local 138 Pension Plan, Baldwin, NY representing 1,723 participants
1/18/22 Local 138 receives $112.6 million payment from the PBGC
1/18/22 Bricklayers and Allied Craftworkers Local 5 New York Retirement Fund Pension Plan, Newburgh, NY representing 821 participants. SFA Application approved by PBGC
1/19/22 Road Carriers Local 707 Pension Plan, Hempstead, NY representing 3,804 participants.
SFA Application approved by PBGC

News & Policy | Pension Benefit Guaranty Corporation (pbgc.gov)

 

[chappey]

Great news! a salute to those who started the movement, A question still out there is, if a retiree dies before plan is approved and funded, does their spouse/ estate receive the retro money, some say yes some say no, you say?

 

[dock slug]

Does anyone know if the New York State Teamsters Pension Fund has applied yet?

 

[Freightmaster1]

Does anyone know if the New York State Teamsters Pension Fund has applied yet?

Answer is here...

New York State Teamsters Conference Pension & Retirement Fund

The New York State Teamsters Pension Fund & Pension Preservation Plan

www.nystpensionfund.org

 

[Freightmaster1]

New York State Teamsters Conference Pension & Retirement Fund

The New York State Teamsters Pension Fund & Pension Preservation Plan

www.nystpensionfund.org

 

[Everydayissat]

New York State Teamsters Conference Pension & Retirement Fund

The New York State Teamsters Pension Fund & Pension Preservation Plan

www.nystpensionfund.org

They will apply after year end financials are in. Probably end of January

 

[crazy]

Teamsters local 408 approved

PBGC Approves Special Financial Assistance Application | Pension Benefit Guaranty Corporation

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Local 408 International Brotherhood of Teamsters, Chauffeurs, Warehousemen and Helpers of America Pension...

www.pbgc.gov