Fund Waives Response To Review Petition On Special Financial Assistance Ruling

( January 12, 2026, 11:52 AM EST) -- WASHINGTON, D.C. — A terminated multiemployer pension plan on Jan. 9 waived its right to respond to a certiorari petition filed on behalf of the Pension Benefit Guaranty Corp. (PBGC) in which the U.S. solicitor general argues that the decision at issue “will likely result in the payment of hundreds of millions of dollars in taxpayer funds to terminated pension plans that Congress intentionally excluded from” a special financial assistance (SFA) program and urges the U.S. Supreme Court to “grant review without awaiting the development of a circuit conflict.”...