PBGC approves supplemental assistance for Teamsters pension plan
By Courtney Degen Source: Pensions & Investments The Pension Benefit Guaranty Corp. on Thursday approved the supplemented special financial assistance application of a New York pension plan for workers and retirees in the transportation industry. New York State Teamsters Conference Pension & Retirement Plan, or NYS Teamsters Conference Plan, will receive $438 million as a supplement to the $963 million in special financial assistance that was approved for the plan in November 2022. President Joe Biden signed the Special [...]