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Two union pension plans get a second financial boost from PBGC


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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