The Pension Benefit Guaranty Corporation has approved the Special Financial Assistance application for the Mid-Jersey Trucking Industry and Teamsters Local 701 Pension Plan, according to the agency Tuesday.
The plan, which covers 1,623 participants in the transportation industry, will receive $142.2 million, including interest to the expected date of plan payment.
This story was produced by Bloomberg Law Automation.
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.