PBGC Approves $182 Million for Southwest Ohio Carpenters Plan
The Pension Benefit Guaranty Corporation (PBGC) announced the approval of an April 2019 application for Special Financial Assistance for the Southwest Ohio Carpenters Pension Plan covering 5,399 participants. The Southwest Ohio Plan will receive $182.6 million in Special Financial Assistance, including interest to the expected date of payment to the plan.
SWACCA helped to include the Special Financial Assistance program in the American Rescue Plan Act at the height of the COVID-19 pandemic and was actively engaged in the deliberations over the regulations that implemented the program.
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