Biden releasing nearly $36B to aid pensions of union workers
Biden releasing nearly $36B to aid pensions of union workers
(AP) — 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 cuts to the retirement incomes of about 350,000 Teamster workers and retirees across the United States.
The money for the Central States Pension Fund is the largest amount of federal aid provided for a pension plan, the Biden…