Posts tagged Central States Southeast and Southwest Pension Fund
Walberg, Allen Seek Trump DOJ Assistance in Recovering Bailout Payments that Funded Pensions for Dead People
February 21, 2025 // The Committee’s oversight work highlighted gross mismanagement of the Special Financial Assistance (SFA) program that was included in the American Rescue Plan Act. Taxpayers funded pensions for dead people to the tune of more than $164 million for 33 plans that have paid the money back. However, more than 30 other union plans have yet to pay back any of the overpayments. In the letter, the chairmen write: “As part of this investigation, the Committee is seeking information about the steps DOJ is taking to ensure that taxpayer money is recovered after the Biden-Harris administration made improper payments to multiemployer pension plans."