Annual Pension Funding Notice

Local 1700's picture

Participants in the frozen Greyhound pension plan recently received an Annual Funding Notice (AFN) from plan Administrator Paul Oswley. The Pension Protection Act of 2006 requires that employers send an AFN each year to all participants and beneficiaries. Your receipt of the AFN does not mean that the Greyhound plan is terminating, or that it has been trusteed by the PBCG.

The AFN is meant to provide information to you about:

  • The funding percentage of the plan
  • The value of the plan's assets and liabilities
  • How the plan's assets are invested
  • PBGC guarantees of the plan's benefits

Contact Owsley directly at (800) 962-6934 if you have further questions about the AFN or your benefits under the Greyhound plan. If you have general questions about PBGC and guaranteed pensions, go to http://www.pbgc.gov.