pensions

Collapsing union pension plans win long-sought help from rescue package

BY: - March 23, 2021

WASHINGTON — 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 […]