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The Pension Benefit Guaranty Corp. provided additional special funding to four multiemployer pension plans Feb. 17, totaling approximately $26.7 million, Plansponsor reports. The Freight Drivers and Helpers Local Union No. 557 Pension Plan, based in Baltimore with 2,273 participants, received $12.8 million on top of the $192.8 million it received in October 2022. Other plans receiving assistance were the Sheet Metal Workers Local Pension Plan, based in Massillon, Ohio, with 1,649 participants; Local 1482 Paint and Allied Products Manufacturers Retirement Fund, based in New York City with 152 participants; and the Gastronomical Workers Union Local 610 and Metropolitan Hotel Association Pension Fund, based in San Juan, Puerto Rico with 2,625 participants.
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2. FTC refunds customers for fraudulent health plans sold by Benefytt
3. Health systems consider dropping Medicare Advantage plans due to financial losses
4. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
5. MedPAC calls for 'major overhaul' of Medicare Advantage policies
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