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PBGC Approves $19 Million in Supplemented SFA for Local 365 UAW Plan
Pension Benefit Guaranty Corporation [PBGC] Dec. 22, 2022 "[PBGC] as approved the supplemented application submitted to the Special Financial Assistance 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 will receive approximately $19 million in supplemented SFA, which is in addition to $228.3 million in SFA approved for the plan by PBGC in May 2022 under the interim final rule." |
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