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PBGC Approves $40.8 Million in Special Financial Assistance for Graphic Communications Union Local 2-C Plan
Pension Benefit Guaranty Corporation [PBGC] Apr. 19, 2022 "The [PBGC] announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Graphic Communications Union Local 2-C Retirement Benefit Plan. The plan, based in Warren, Michigan, covers 535 participants in the printing industry. The GCU 2-C Plan became insolvent in January 2015.... The plan will receive $40.8 million in SFA, including interest to the expected date of payment to the plan." |
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