Special Financial Assistance (SFA) Application Update – May 17, 2022

The PBGC has approved 23 applications for Special Financial Assistance (SFA) since December 21, 2021. SFA amounts thus far have ranged from $4.5 million to $1.3 billion. Of the 23 approved applications, 10 were accepted without any necessary revisions following the PBGC’s review and the remaining 13 applications were approved after revisions were made to the original application submission.

The cumulative amount of SFA payouts to date totals $6.5 billion.