(Mid-America Pension Rights Project): Collapsing Union Pension Plans Win, Long-Sought Help From Rescue Package

mid american pension

Via patch.com

By Laura Olson

Tucked in the Democrats’ massive coronavirus stimulus package was a long-awaited solution for a financial ticking time bomb: private pension funds on the brink of collapse, jeopardizing the retirement plans of millions of union members.

The $1.9 trillion pandemic relief measure included $86 billion that will be used for grants to help shore up the most troubled of those pension funds, covering the cost of retiree benefits for the next 30 years.

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