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PBGC Makes First SFA Payment to Financially Troubled Multiemployer Pension Plan
Pension Benefit Guaranty Corporation [PBGC] Jan. 19, 2022 "[PBGC] announced [January 18] that $112.6 million has been paid in special financial assistance to the Local 138 Pension Plan ... the first plan to receive funds under the Special Financial Assistance (SFA) Program. The plan had been projected to run out of money early this year." |
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