Freightmaster1
TB Legend
- Credits
- 576
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 New York State Teamsters Conference Pension and Retirement Plan (NYS Teamsters Conference Plan). The application was submitted and approved under provisions of PBGC’s SFA interim final rule. The plan, based in Syracuse, New York, covers 33,643 participants in the transportation industry.
On October 1, 2017, the NYS Teamsters Conference Plan implemented a benefit suspension under the terms of the Multiemployer Pension Reform Act of 2014 (MPRA). The plan reduced benefits of about 25,000 plan participants. On average, affected participants’ benefit were reduced by 20 percent
Retiree's pensions restored to 100% and 5 years back-pay! Congratulations Brothers and Sisters!
On October 1, 2017, the NYS Teamsters Conference Plan implemented a benefit suspension under the terms of the Multiemployer Pension Reform Act of 2014 (MPRA). The plan reduced benefits of about 25,000 plan participants. On average, affected participants’ benefit were reduced by 20 percent
PBGC Approves SFA Application for New York State Teamsters Pension Plan | 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 New York State Teamsters Conference Pension and Retirement Plan (NYS Teamsters Conference Plan).
www.pbgc.gov
Retiree's pensions restored to 100% and 5 years back-pay! Congratulations Brothers and Sisters!
Last edited: