by: Russ Kamp, Managing Director, Ryan ALM, Inc.
As we reported this morning, activity last week was limited to two plans that filed supplemented applications presumably in reaction to the PBGC’s Final Final Rules (FFR). Those two plans, the Graphic Arts Industry Joint Pension Plan and the Teamsters Local 617 Pension Plan, are seeking Special Financial assistance of $72.2 and $29.7 million, respectively in order to cover their combined 10,745 plan participants. As much as I’ve challenged the PBGC with regard to some of their FFR, they deserve a lot of credit for keeping the public informed of ARPA’s progress. Thank you!