American Rescue Plan Act

Central States Pension Fund Has Submitted
Application for Special Financial Assistance

On April 28, 2022, Central States Pension Fund submitted application to the federal government for Special Financial Assistance (SFA) under the American Rescue Plan Act of 2021 (ARPA). 

The SFA program (sometimes referred to as the “Butch Lewis Act”) was enacted into law under ARPA in March 2021, thanks in large part to years of tireless advocacy by participants of Central States and other troubled multiemployer pension plans. The SFA is expected to allow Central States to remain solvent and continue paying all benefits through at least 2051, and likely longer.

The application will now be reviewed by the Pension Benefit Guaranty Corporation. Click below to learn more about the anticipated timeline for the application moving forward.