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PBGC Approves $31.1 Million in Additional SFA for Local 617 Plan
Pension Benefit Guaranty Corporation [PBGC] Dec. 15, 2022 "[PBGC] has approved the supplemented application submitted ... by the Teamsters Local 617 Pension Plan. The plan, based in Ridgefield, New Jersey, covers 891 participants in the transportation industry.... The Local 617 Plan will receive approximately $31.1 million in supplemented SFA, which is in addition to $155.8 million in SFA approved for the plan by PBGC in April 2022[.]" |
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