Multiemployer Fund Gets 2nd Circuit Win In Special Financial Assistance Row

( April 30, 2025, 1:55 PM EDT) -- NEW YORK — Saying it does not “read the pertinent provision of the SFA [special financial assistance] statute to exclude plans based solely on a prior termination,” the Second Circuit U.S. Court of Appeals on April 29 reversed a ruling that upheld a Pension Benefit Guaranty Corp. (PBGC) decision that termination of a multiemployer fund made the fund ineligible for the SFA program under which it had sought $132 million....