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PBGC Approves $40 Million Additional SFA for Local 805 Plan
Pension Benefit Guaranty Corporation [PBGC] Dec. 13, 2022 "[PBGC] has approved the supplemented application submitted ... by the Local 805 Pension and Retirement Plan. The plan, based in New York City, New York, covers 2,003 participants in the transportation industry.... The Local 805 Plan will receive approximately $40.4 million in supplemented SFA, which is in addition to $118.3 million in SFA approved for the plan by PBGC in May 2022 under the interim final rule." |
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