Posts tagged union pension plans

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    U.S. Taxpayers To Bail Out Failing Musicians’ Union Pension Fund With $1.5 Billion, PBGC Announces

    July 15, 2024 // “As of July 15, 2024, PBGC has announced approval of about $61.9 billion in SFA to plans that cover about 1,076,000 workers, retirees, and beneficiaries,” the PBGC stated in its announcement. In June, Democrats stated they planned to use the taxpayer-funded pension bailout scheme to rally union voters in the upcoming November general elections.

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    Blog ● Unions

    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.

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