The Pension Benefit Guaranty Corporation released its List of Plans in Special Financial Assistance Application Priority Group 6, which consists of plans for which PBGC projects a present value of financial assistance payments under section 4261 of the Employee Retirement Income Security Act that would exceed $1 billion in the absence of SFA. The application period for Priority Group 6 plans is scheduled to open on Feb. 11, 2023.
The list includes the Laborers National Pension Fund and the Ohio Carpenters Pension Plan. The full SFA Priority Group 6 Plan List is available through the PBGC’s website here.
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