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PBGC To Provide Special Financial Assistance To Financially Troubled Multiemployer Pension Plans

Corrupt Union said:
Central states say they will apply in 5 years just before they run out of money to screw Yellow employees.
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Oh really now? Where did you find that at? The BLA covers those already near insolvency....CSPF was there years ago and will get the biggest chunk of the money. Had you gone to the pensions meeting heald at Local 728 in Atlanta you would have known your information is ALL wrong....stop trying to stir up a pot that you have no idea what's in it!
 
Have they done anything good for Yellow?
No you retire before the cuts are posted then they don’t give you a opportunity to go back to work.
I know how they operate just a bunch of Democrats that steal all they can.
 
Kennesaw Kid said:
Oh really now? Where did you find that at? The BLA covers those already near insolvency....CSPF was there years ago and will get the biggest chunk of the money. Had you gone to the pensions meeting heald at Local 728 in Atlanta you would have known your information is ALL wrong....stop trying to stir up a pot that you have no idea what's in it!
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Why do you think cspf will get the biggest chunk of the money?What about funds that have already cut pensions?
 

Priority Groups​


Priority GroupPlan DescriptionsTarget Date Plans May Apply for SFA*Status
1Already insolvent or projected to become insolvent before 3/11/20227/9/2021OPEN
2Implemented MPRA benefit suspensions before 3/11/2021 or expected to be insolvent within one year of the date application was filed**1/1/2022CLOSED
3Greater than 350,000 participants4/1/2022CLOSED
4Projected to become insolvent before 3/11/20237/1/2022CLOSED
5Projected to become insolvent before 3/11/20262/11/2023CLOSED
6Present value of financial assistance in excess of $1 billion2/11/2023CLOSED

*PBGC has 120 days to review an application. If capacity to process applications exceeds expectations, then the dates to accept applications may be accelerated.
**MPRA plans can restore benefits under 26 CFR 1.432(e)(9)-1(e)(3) at any time, including before applying for SFA.


https://www.pbgc.gov/arp-sfa​


:rulz:
 
Corrupt Union said:
Central states say they will apply in 5 years just before they run out of money to screw Yellow employees.
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dock slug said:
Why do you think cspf will get the biggest chunk of the money?What about funds that have already cut pensions?
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Because it is the biggest MEPF about to go solvent. More retirees in that Fund.
 
Kennesaw Kid said:
Because it is the biggest MEPF about to go solvent. More retirees in that Fund.
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So they filed an application in 2017 that was denied because the Treasury department said cuts in retirees' pensions were not enough so they never refiled and they were just going to let the fund run out of money? Other funds made 29% cuts to save their funds and CSPF should get the biggest chunk of money?! The CSPF may be getting the biggest chunk based on the number of members in the fund; however they never took a cut like the NYS Teamsters Fund did back in 2017. Please do your homework before making statements.
 
dock slug said:
So they filed an application in 2017 that was denied because the Treasury department said cuts in retirees' pensions were not enough so they never refiled and they were just going to let the fund run out of money? Other funds made 29% cuts to save their funds and CSPF should get the biggest chunk of money?! The CSPF may be getting the biggest chunk based on the number of members in the fund; however they never took a cut like the NYS Teamsters Fund did back in 2017. Please do your homework before making statements.
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Brother they never refiled because they said the cuts would be so deep they couldn't stay within the law. No need to despair though because help is on the way......please have patience.....unity is a teamster virtue....and no I'm not in central states but I am in your fund.... https://oathkeepers.org/2016/05/rej...reasury-dept-says-not-enough-407000-affected/
 
dock slug said:
So they filed an application in 2017 that was denied because the Treasury department said cuts in retirees' pensions were not enough so they never refiled and they were just going to let the fund run out of money? Other funds made 29% cuts to save their funds and CSPF should get the biggest chunk of money?! The CSPF may be getting the biggest chunk based on the number of members in the fund; however they never took a cut like the NYS Teamsters Fund did back in 2017. Please do your homework before making statements.
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Na, that ain't what happened with CSPF retirees.
 
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