pension
Biden touts pension rescue, economic agenda in Cleveland
“We turned a promise broken into a promise kept,” Joe Biden told a crowd of union workers in Cleveland Wednesday. The president’s visit offered a victory lap for provisions in his American Rescue Plan, or ARPA, that will keep a number of multi-employer pension plans from becoming insolvent. According to the Biden administration, that legislation […]
Ohio pensions have $38 mil in Russian-owned gas company; $147 mil more in region
Two Ohio public employee pension programs currently have a combined $38 million invested a Russian state-owned natural gas company, while another pension program has $147 million invested in the region. The Ohio Public Employees Retirement System (OPERS) has about $25.1 million invested in Gazprom in a combination of stocks and bonds, according to a spokesman. […]