Posts tagged Midwestern Teamsters Plan
In Final Weeks Before Election, PBGC Bails Out Several More Failing Union Pensions
October 27, 2024 // With the November 5th elections right around the corner, throughout the months of September and October, the Pension Benefit Guaranty Corporation (PBGC) has been busy approving and announcing the doling out of hundreds of millions of taxpayer dollars to failing union pension plans. While the plan bailouts are not as large as some of the bailouts provided over the last two years, in total, they are a substantial sum—nearly $900 million.