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The Biden administration unveiled ... the federal bailout of hundreds of union pension plans passed as part of Democrats' $1.9 trillion American Rescue Plan Act coronavirus relief package last ...
“Bailouts should be conditioned on reforms… But with multiemployer pension plans ... billion that would come from Biden’s pandemic law does a great deal to rescue multiemployer pensions.
President Biden will deliver remarks on his economic agenda at a Cleveland high school Wednesday afternoon, according to the ...
C. -- President Joe Biden will visit Max S. Hayes High School in Cleveland on Wednesday afternoon to reveal the final details of an American Rescue Plan fix for multi-employer pension plans that ...
(CNSNews.com) – President Biden traveled to Cleveland, Ohio, on Wednesday to announce plans to protect union pension plans that face benefit cuts through the final rule of the American Rescue Plan’s ...
President Biden boasted last week about his administration’s bailout of union multiemployer pension plans, enacted in the American Rescue Plan supposedly to address pandemic-related problems.
millions of workers will have the dignified retirement they earned and they deserve,” Biden said. His team is implementing an American Rescue Plan measure to fund struggling union pension plans.
Bill DeVito, who introduced Biden, said “it was devastating” when his pension was cut 40 percent ... The American Rescue Plan passed in March 2021 included a special finance assistance program ...
WASHINGTON (dpa-AFX) - President Joe Biden will today announce ... Prior to the America Rescue Plan, the PBGC's multiemployer pension insurance program was projected to become insolvent in 2026.