4 ms·
Union pensions haven't exactly faired well in the last few decades and it's not because employers had control over them. Lucky for them a shit ton of money was
by j_walter 6y ago
Union pensions haven't exactly faired well in the last few decades and it's not because employers had control over them. Lucky for them a shit ton of money was just given out in the latest COVID bill to help them...no strings attached of course so the problem will return.
https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-billion-bailout-to-failing-union-pension-plans.html https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-b...
https://www.pbgc.gov/sites/default/files/fy-2019-projections-report.pdf https://www.pbgc.gov/sites/default/files/fy-2019-projections...
No scenario shows the Multiemployer Program remaining solvent beyond FY 2027 under current
law.