Jim Nolan

Pension plans nationwide are taking advantage of Special Financial Assistance (SFA) funds granted to eligible recipients by the Pension Benefit Guaranty Corporation (PBGC) – a federally chartered corporation created by the Employee Retirement Income Security Act (ERISA) to encourage the continuation and maintenance of pension plans and funds. The program was created to rescue severely underfunded multiemployer pension plans who are projected to be insolvent prior to 2051, to ensure that the millions of retirees [...]