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PBGC Approves $105.6 Million in Special Financial Assistance for Detroit Newspaper Union Plan
Pension Benefit Guaranty Corporation [PBGC] Link to more items from this source
Apr. 19, 2022

"The [PBGC] announced today that it has approved the application submitted to the Special Financial Assistance (SFA) Program by the Retirement Benefit Plan of GCIU Detroit Newspaper Union 13N with Detroit Area Newspaper Publishers. The plan, based in Warren, Michigan, covers 563 participants in the printing industry. The Detroit Newspaper Union Plan became insolvent in April 2019.... The plan will receive $105.6 million in SFA, including interest to the expected date of payment to the plan."

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