PBGC releases FY 2019 annual report
On November 18, 2019, the Pension Benefit Guaranty Corporation (PBGC) released its annual report for fiscal year 2019, which reviews the financial condition of the agency’s Multiemployer Program and Single-Employer Program. By law the two programs are separate. This alert focuses on the PBGC annual report as it pertains to the PBGC Multiemployer Program.