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PBGC Approves $210.4 Million in Special Financial Assistance for Local 365 UAW Plan
Pension Benefit Guaranty Corporation [PBGC] 
May 4, 2022 "[PBGC] has approved the application submitted to the [SFA] Program by the Local 365 UAW Pension Fund Pension Plan. The plan, based in Englewood Cliffs, New Jersey, covers 3,736 participants in the manufacturing industry. The Local 365 UAW Plan became insolvent in December 2020.... The plan will receive $210.4 million in SFA, including interest to the expected date of payment to the plan." MORE >> |
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