Posts tagged Maryland Race Track Employees Pension Plan
PBGC Announces nearly $650 Million In Taxpayer Monies To Go To Four More Failing Union Pension Plans
June 12, 2024 // On Tuesday, the PBGC announced it approved approximately $545.6 million in special financial assistance (SFA) to the CWA/ITU Negotiated Pension Plan (CWA/ITU Plan), based in Mount Laurel, New Jersey. The plan, which covers 24,288 participants in the printing industry, was projected to become insolvent and run out of money in 2029.