Posts tagged Plasterers Local 82
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.
Biden in Portland: ‘Union workers are the best’
May 6, 2022 // After the hangar event, Biden attended a Democratic National Committee fundraiser at the Portland Yacht Club, where he spoke for about 30 minutes before returning to the airport to depart for Seattle.