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PBGC Approves $84 Million in Additional SFA for Trucking Employees Plan
Pension Benefit Guaranty Corporation [PBGC] Dec. 14, 2022 "[PBGC] has approved the supplemented application submitted ... by the Trucking Employees of North Jersey Welfare Fund Inc. Pension Plan. The plan, based in Union City, New Jersey, covers 6,121 participants in the transportation industry.... The Trucking Employees Plan will receive approximately $84.5 million in supplemented SFA, which is in addition to $673.1 million in SFA approved for the plan by PBGC in April 2022 under the interim final rule." |
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