NE Ohio Newspaper Drivers Pension Plan Boosted by $31.6 Million from Feds
On Friday, the Pension Benefit Guarantee Corporation (PBGC) announced its approval of a notable $31.6 million federal funding for the NE Ohio newspaper drivers pension plan. This funding, through the Special Financial Assistance (SFA) Program, plays a critical role in ensuring the financial stability of the Retirement Benefit Plan for drivers associated with the newspaper. Such federal backing significantly alleviates pension concerns and strengthens the plan's viability, ultimately benefiting its members.
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