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Biden handing $36 BILLION to Teamsters pension fund

United statesLisa gomezPension benefit guaranty corpEastern airlinesCentral states pension fundBiden slush fund for favored constituenciesPension benefit guaranty corporationYork state teamsters fundJoe bidenPension benefit guarantyAmerican rescue planSlush fundCentral states pension planThink teamstersBefore thursdayNew york state teamsters

Central States Teamsters Pension Fund Becomes the Largest SFA Rescue

The multiemployer plan will receive $35.8 billion in assistance, making it the largest bailout under the Special Financial Assistance program administered by the PBGC.

United statesPatty murrayMultiemployer insurance programCentral states pension fundPension benefit guaranty corporationDepartment of laborSpecial financial assistanceCentral statesSouthwest areas pensionCentral states planAmerican rescue plan actInsurance programCentral states pension planSenator patty murray

Biden awards $36 billion to save Teamsters Central States pension plan

The funding, provided under a 2021 COVID-relief bill, protects benefits for some 40,000 Michigan members.

United statesLisa gomezGene sperlingJoe bidenPension benefit guaranty corpTodd spanglerdetroit freeCentral states pension fundCentral states pension planPension benefit guarantyCentral statesWhite houseAmerican rescueAssistant labor secretary lisa gomez

Biden s pension bailout : What it does and doesn t do

Funding from the American Rescue Plan has saved multiemployer pensions, for now. But experts say much work remains to be done.

United statesThe white houseDistrict of columbiaWhite houseHoward adlerLiz shulerOlivia mitchellChantel sheaksHotel californiaAmerican rescue plan special financial assistance programUniversity of pennsylvaniaPension research councilPension benefit guaranty corporationUs chamberAmerican rescue planAlex pollock

A victory for retirees - Daily Advocate & Early Bird News

A victory for retirees - Daily Advocate & Early Bird News
dailyadvocate.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailyadvocate.com Daily Mail and Mail on Sunday newspapers.

United statesSherrod brownd ohioJoe bidenDemocratic senateSherrod brownCentral states pension planIronworkers localOhio southwest carpenters pension planConfectioners pension planWall streetPresident bidenAmerican rescue planButch lewis actTeamsters local