We all know that Central States was mob-connected Teamster money.
President Joe Biden will announce the injection of $36 billion in funding to bolster the multi-employer Central States Pension Fund and prevent “drastic cuts” to the pensions of more than 350,000 union workers and retirees on Dec. 8.
According to the Biden administration, the funding was approved by the Pension Benefit Guaranty Corporation (PBGC) and is the largest-ever amount of federal aid awarded to a pension fund....
...“Without the historic Special Financial Assistance program included in President Biden’s American Rescue Plan, these workers and retirees—who have already earned these benefits—would have faced estimated benefit reductions of roughly 60 percent in the next few years,” according to a White House fact sheet previewing the announcement. ...
'Losing 60%'..........you mean like the white-collar retirees from GM did after Obozo let them twist in the wind?
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