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Central States Agrees to Repay Excess Special Financial Assistance Funds
Office of the Solicitor, U.S. Department of Labor
Apr. 9, 2024 "The Central States, Southeast and Southwest Areas Pension Plan (Central States) has entered into a civil settlement agreement pursuant to which it has agreed to repay more than $126.5 million in excess funds that it received from the [PBGC] in connection with the PBGC's Special Financial Assistance Program.... The resolution obtained in this matter was the result of a coordinated effort between the Justice Department's Civil Division, Commercial Litigation Branch, PBGC-OIG and PBGC Office of General Counsel, along with the [DOL] and Department of Treasury." |
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