By Dan Reed 

Federal relief includes pension bailout

 

April 2, 2021



In addition to the popular $1,400 payments for many citizens, the recently passed $1.9 trillion federal American Relief Plan also allocated $86 billion to help stabilize distressed multi-employer pension funds for the next three decades.

The money would shore up 185 union pension plans that are close to collapse. It’s a group that includes a million retired truck drivers, retail clerks, builders and others who face a loss of earned retirement income.

Cloquet’s Sherman Liimatainen serves as vice president of the National United Committee to Protect Pensions and he co-chaired the American...



For access to this article please sign in or subscribe.

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2024

Rendered 03/27/2024 11:42