Webb17 dec. 2024 · Last week, President Joe Biden announced the federal government would use nearly $36 billion to stabilize the Teamsters union pension plans nationwide. The … Webb9 dec. 2024 · The $36 billion for the Teamsters’ Central States Pension Fund is the largest tranche awarded so far, but Mr. Biden assured his labor friends on Thursday that more is …
185 Pensions Got Their $86 Billion Piece of the COVID-19 ... - Newsmax
Webb8 dec. 2024 · President Joe Biden’s administration on Thursday announced the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe … Webb8 dec. 2024 · 1:09. WASHINGTON – President Joe Biden on Thursday announced a federal bailout for a pension fund largely benefiting Teamster workers and retirees, saying that … indian hills ranch
Sixty percent cut in benefits floated for Teamsters’ New England ...
Webb3 maj 2024 · President Biden, working with House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer, had promised to tackle pension reform in the lead up to the 2024 election if given the reins of power. And some 50 days after Biden took office, they did just that. “Teamster members told the union as it ramped up its election efforts … Webb10 mars 2024 · And the bailout’s eligibility is limited to the most-troubled plans, though the number of eligible plans, estimated at 186 by the Congressional Budget Office for the … Webb10 feb. 2024 · The New England Teamsters Pension Fund (NETPF) ... The NETPF is also in the process of applying for a similar bailout. Officially, this will keep the fund solvent through 2051. local weather blowing rock nc