United States

PBGC FY 2025 Annual Report Shows Financial Improvement

The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2025 Annual Report, indicating continued financial improvement in its insurance programs. Both the Single-Employer and Multiemployer programs reported positive net financial positions for the fifth consecutive year.

PBGC Approves Special Financial Assistance for Laborers Local No. 265 Plan

The Pension Benefit Guaranty Corporation (PBGC) announced the approval of Special Financial Assistance (SFA) for the Laborers Local No. 265 Pension Plan. The plan will receive approximately $59.4 million to avert insolvency and prevent benefit reductions for its 1,460 participants.

PBGC Approves $868.8M Special Financial Assistance for UNITE HERE Fund

The Pension Benefit Guaranty Corporation (PBGC) has approved $868.8 million in Special Financial Assistance (SFA) for the UNITE HERE Fund. This funding averts insolvency for the plan, which covers over 91,000 hospitality workers, preventing benefit reductions.

PBGC FY 2024 Projections Report Shows Improved Insurance Outlook

The Pension Benefit Guaranty Corporation (PBGC) released its Fiscal Year 2024 Projections Report, indicating an improved financial outlook for its Multiemployer and Single-Employer pension insurance programs. The report projects the Multiemployer Program will remain solvent for 40 years, and the Single-Employer Program's net position is expected to grow significantly.

DOI: Safety Board Report Outlines Offshore Energy Oversight Reforms

The Department of the Interior (DOI) has released a statement highlighting a Safety Board report that provides a blueprint for internal reforms to offshore energy oversight. This initiative aims to enhance safety and environmental protection in offshore energy operations.

Department of the Interior Moves Toward Cape Wind Decision

The Department of the Interior announced a step toward a decision on the Cape Wind project, a proposed offshore wind farm. This notice indicates progress in the review process for the project.

Federal Subsistence Board Addresses MOA with Ahtna Inter-Tribal Resource Commission

The Federal Subsistence Board met to discuss a Memorandum of Agreement (MOA) with the Ahtna Inter-Tribal Resource Commission. This notice indicates a discussion and potential formalization of a working relationship concerning subsistence resource management.

Department of the Interior Advances Offshore Wind Leasing

The Department of the Interior announced significant steps toward leasing for offshore wind projects in the Mid-Atlantic region. This initiative aims to advance the administration's goals for renewable energy development and climate change mitigation.

Interior Department Offshore Energy Oversight Reform Agenda

The Department of the Interior's Office of Inspector General has released a report affirming the direction and urgency of the Department's offshore energy oversight reform agenda. The report validates ongoing efforts to enhance regulatory oversight and compliance within the offshore energy sector.

SBA Drought Disaster Loans for Utah Businesses

The U.S. Small Business Administration (SBA) is reminding eligible small businesses and private nonprofits in Utah that the deadline to apply for low-interest federal disaster loans for drought-related economic losses is April 13, 2026. These Economic Injury Disaster Loans (EIDLs) can provide working capital up to $2 million.