American Rescue Plan Act of 2021

Last updated July 12, 2021
PBGC

The American Rescue Plan (ARP) Act of 2021, enacted on March 11, 2021, allows certain financially troubled multiemployer plans to apply for special financial assistance.

The Pension Benefit Guaranty Corporation (PBGC) created a Special Financial Assistance (SFA) Program. This program addresses the immediate financial crisis threatening the retirement security of over three million American workers, retirees, and their families.

The program will provide an estimated $94 billion in assistance to more than 200 eligible plans that are severely underfunded.

Please refer to the below for future updates and additional information.

Special Financial Assistance Program

Frequently Asked Questions

Interim Final Rule

ARP Special Financial Assistance Webinar and Slides