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Employee Benefits

Two union pension plans get a second financial boost from PBGC

December 16, 2022 Reprints

Two union defined benefit pension plans, the Graphic Arts Industry Joint Pension Plan and the Teamsters Local 617 Pension Plan, have received a second round of Special Financial Assistance grants, reports Plansponsor. The Graphic Arts Plan initially received $440 million in April and will receive another $82.2 million in supplemental assistance. The Teamsters Local 617 Plan received $155.8 million in assistance in April, and will now receive another $31.1 million in supplemental assistance.

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Two union pension plans get a second financial boost from PBGC

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