Posts tagged Local Union No. 466 Painters

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    PBGC Bailed Out Five More Union Pensions Last Week

    January 30, 2023 // Last week, the Pension Benefit Guaranty Corporation (PBGC) announced five more failing union pension plans will receive taxpayer moneys to ensure the pensions maintain the ability to pay plan participants. In total, the PBGC will dole out $277.6 million in “special finance assistance,” covering 2,274 pension plan recipients—which averages to nearly $125,000 per participant, with some receiving nearly up to $158,000 from the PBGC.

    Alaska Ironworkers American Rescue Plan Decorators and Paperhangers Detroit Area Newspaper Publishers GCIU Detroit Newspaper Union 13N Graphic Communications Union Local 2-C Local Union No. 466 Painters Pension Benefit Guaranty Corporation Plasterers Local 82 President Biden union pension plans