May 19, 2026
The Pension Benefit Guaranty Corp. told a New York federal judge Tuesday that it stands by its denial of a union pension fund's second application for a bailout, a day after the U.S. Supreme Court declined to review a Second Circuit ruling ordering the agency to reassess the request.
August 28, 2025
The Pension Benefit Guaranty Corp. must formally reexamine whether union bakery drivers can collect $132 million from a federal pension rescue program, a New York federal judge said Thursday after lifting a stay on the order following the Second Circuit's decision to reject the agency's rehearing bid.
October 27, 2023
A New York federal judge sided with the Pension Benefit Guaranty Corp. in a lawsuit from trustees of a pension fund for union bakery drivers seeking $130 million in financial assistance from a massive pension rescue program Congress passed in 2021, finding the PBGC's denial wasn't erroneous.