President Biden is announcing the release of nearly $36 billion to stop severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees.
President Joe Biden on Thursday is announcing the infusion of nearly $36 billion to shore up a financially troubled union pension plan, preventing severe cuts to the retirement incomes of more than 350,000 Teamsters workers and retirees across the United States.
“Union workers and their families are finally able to breathe a huge sigh of relief, knowing that their hard-earned retirement savings have been rescued from steep cuts,” said Lisa Gomez, assistant labor secretary for employee benefits security.Multiemployer pension funds are created by agreements between unions and companies and are partially insured by the federal government’s Pension Benefit Guaranty Corporation.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden releasing nearly $36B to aid pensions of union workersPresident Joe Biden is announcing the infusion of nearly $36 billion to shore up a financially troubled union pension plan.
Read more »
Biden releasing nearly $36B to aid pensions of union workersPresident Biden is announcing the infusion of nearly $36 billion to shore up a financially troubled union pension plan. biden kprc2 click2houston politics
Read more »
Did Ashley Biden Accuse Joe Biden of Inappropriate Behavior in a 'Leaked Diary'?The alleged diary of the president's daughter has not been authenticated.
Read more »
Musk proves Hunter Biden censorship came from collusion among Biden campaign, law enforcement and TwitterMusk proves Hunter Biden censorship and confirms what most Americans knew – that Twitter took Democrats’ side during the 2020 presidential election.
Read more »
'American manufacturing is back:' President Biden points to Arizona for manufacturing success - Phoenix Business JournalPresident Joe Biden, Taiwan Semiconductor Manufacturing Co.'s founder Morris Chang and Apple CEO Tim Cook were among the high-profile officials and companies that attended the Asian chipmaker's ceremony in Phoenix where the company unveiled plans to significantly bulk up the project. Spread across multiple factories, the complex could eventually exceed 5 million square feet in size.
Read more »
Elektra Attacks President Joe Biden in Today's Daredevil (Spoilers)Superhero comic books aren't always great about showing the President of the United States. They have, over time, realised it ages a character to be tied
Read more »