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PBGC Approves $1.29 Billion in Special Financial Assistance for Graphic Communications Conference of the Intl. Brotherhood of Teamsters National Pension Plan
Pension Benefit Guaranty Corporation [PBGC] Apr. 28, 2022 "[PBGC] has approved the application submitted to the Special Financial Assistance (SFA) Program by the Graphic Communications Conference of the International Brotherhood of Teamsters National Pension Plan (GCC-IBT Plan). The GCC-IBT Plan, based in Carol Stream, Illinois, covers 31,715 participants in the printing industry. The plan will receive approximately $1.29 billion in special financial assistance, including interest to the expected date of payment to the plan. The plan was projected to run out of money in 2022." |
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