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PBGC Approves $440 Million in Special Financial Assistance for Graphic Arts Industry Joint 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 Arts Industry Joint Pension Plan (Graphic Arts Plan). The Graphic Arts Plan, based in Washington, D.C., covers 9,854 participants in the printing industry. The plan will receive approximately $440 million 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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