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PBGC Approves $108 Million in SFA for Teamsters Local 469 Plan
Pension Benefit Guaranty Corporation [PBGC] 
Sept. 10, 2024 "[PBGC] has approved the application submitted ... by the Teamsters Local Union No. 469 Pension Plan. The plan, based in Hazlet, New Jersey, covers 1,490 participants in the transportation industry. The Teamsters Local 469 Plan will receive approximately $107.7 million in special financial assistance ... The plan was projected to become insolvent and run out of money in 2028." MORE >> |
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