National United Committee to Protect Pensions
NUCPP

Updates & News

Pension Warrior Updates and News

The NUCPP works to ensure pension funds of hardworking Americans remain solvent and beneficial to all members, retired and active.  NUCPP services are steadfast in the concerted effort to educate, inform and advocate for accountability, reform and restoration of multiemployer pension funds. NUCPP services exist to make a difference and develop new standards to safeguard Central States Pension Funds and all multiemployer pension funds.  NUCPP promotional services promote public awareness of the need to protect and reform pensions to ensure solvency for multiemployer defined pension fund participants.

NUCPP Announces PBGC News

Good Afternoon Pension Warriors!                

Earlier today we sent out the Good News regarding the approval of the SFA for Road Carriers Local 707 Pension Plan.  In the recent weeks, the following SFA Applications have been approved, and in the case of Local 138, received payment:

12/21/21 Local 138 Pension Plan, Baldwin, NY representing 1,723 participants

1/18/22   Local 138 receives $112.6 million payment from the PBGC  

1/18/22    Bricklayers and Allied Craftworkers Local 5 New York Retirement Fund Pension Plan, Newburgh, NY representing 821 participants.  SFA Application approved by PBGC

1/19/22 Road Carriers Local 707 Pension Plan, Hempstead, NY representing 3,804 participants.

SFA Application approved by PBGC

News & Policy | Pension Benefit Guaranty Corporation (pbgc.gov)

News & Policy

Stay informed with our latest news and important announcements including: press releases, media appearances, testimonies, policy and congressional updates.

PBGC Approves Special Financial Assistance Application

Press Release

January 19, 2022

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the Special Financial Assistance (SFA) application submitted by the Road Carriers Local 707 Pension Plan (Local 707 Plan). The Local 707 Plan, based in Hempstead, New York, covers 3,804 participants in the transportation industry. The...

PBGC Makes First SFA Payment to Financially Troubled Multiemployer Pension Plan

Press Release

January 18, 2022

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that $112.6 million has been paid in special financial assistance to the Local 138 Pension Plan (Local 138 Plan), a financially troubled multiemployer pension plan based in Baldwin, N.Y. The Local 138 Plan, covering 1,723 participants in the transportation...

PBGC Approves Special Financial Assistance Application

Press Release

January 18, 2022

WASHINGTON, D.C. — The Pension Benefit Guaranty Corporation (PBGC) announced today that it has approved the plan application for the Bricklayers and Allied Craftworkers Local 5 New York Retirement Fund Pension Plan (Bricklayers Local 5 Plan). The Bricklayers Local 5 Plan based in Newburgh, NY, which covers 821 participants in...





Dana Vargo