Posts tagged James M. Hohman
Federal bailout gives $635 million to carpenters union pension plan
November 24, 2024 // The federal government is spending $635 million in taxpayer funds to bail out a multiemployer pension fund for a Detroit carpenters union. Pension experts warn that the bailout comes with little or no accountability and no indication that it won’t happen again. Julie Su, acting secretary of labor, announced the bailout in a video posted to her X account Oct. 18. Su credited the 2021 American Rescue Plan Act, which appropriated $86 billion for union pensions.