PBGC Must Reconsider Bakery Union's $132M Bailout Bid

By Grace Elletson · August 28, 2025, 4:21 PM EDT

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...

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Case Information

Case Title

Board of Trustees of the Bakery Drivers Local 550 and Industry Pension Fund v. Pension Benefit Guaranty Corporation

Case Number

2:23-cv-01595

Court

New York Eastern

Nature of Suit

Labor: E.R.I.S.A.

Date Filed

March 01, 2023