Posts tagged retirement plan
Michigan Republican presses Chavez-DeRemer to rescind Biden-era labor regulations
March 20, 2025 // “I encourage DOL to enforce its laws while providing robust compliance assistance to workers and businesses instead of continuing the enforcement-only approach taken by the Biden-Harris administration,” Walberg said Wednesday to Chavez-DeRemer in a letter shared with The Hill.
US Overpaid Teamsters Pension Counting Dead Participants
November 3, 2023 //
Feds: Carpenters union gets $183M of stimulus to restore cut pensions
August 18, 2023 // The retirement plan covering nearly 5,400 Southwest Ohio union carpenters got a nearly $183 million government bailout on Tuesday, according to an announcement by the federal Pension Benefit Guaranty Corporation. The money comes from a program aimed at shoring up pension plans, created as part of the broader stimulus package enacted in 2021 in the wake of the COVID-19 outbreak. The money will benefit members of the Southwest Ohio Regional Council of Carpenters Pension Plan, which in 2019, slashed pension benefits for thousands of members by an average of 18% to remain solvent. PBGC’s approval enables the plan to restore benefits previously suspended and to make payments to retirees to cover prior benefit suspensions, the federally chartered corporation said in a statement. The funding will enable the plan to pay retirement benefits without reduction for many years into the future.
Bow Wow makes plea for rap artists to unionize: “Protect this thing we call hip hop!”
January 17, 2023 // “Hip hop culture is the hottest scene in society today,” said “The Breaks” rapper Kurtis Blow in a statement. “Everyone around the globe is tuning in to listen to what hip hop has to say. We truly live in a hip hop generation. Rap music is the No. 1 streamed music on the planet. The agreement between SAG-AFTRA and the Hip Hop Alliance will bring many benefit options to the culture in the near future,” he added.