Biden's $36 billion to save Teamsters fund is largest-ever private ...
WEBThe $36 billion goes to the Central States Pension Fund, which provides pensions to nearly 360,000 union workers and retirees, primarily members of the International Brotherhood of...
Biden awards $36 billion to save pension plans for union workers - CNN
WEBDec 8, 2022 · The Biden administration awarded $36 billion Thursday to prevent cuts to the pensions of roughly 357,000 union workers and retirees. It’s the largest federal award of its kind, according to the...
The market meltdown threatening pensions for millions of Americans - CNN
WEBJul 14, 2022 · American public pension funds are facing serious challenges that threaten the retirement plans for millions of US state and local government employees.
Pensions & Investments - Money Management News, Research …
WEBGensler preaches benefits of disclosures. ESG. Exxon Mobil CEO vows to sue more activists if they ‘abuse’ proxy rules. PENSION FUNDS. PBGC approves $238.5 million in aid to 3 pension plans ...
U.S. public pension funds stage comeback in latest fiscal year
WEBSep 13, 2023 · U.S. public pension funds staged an impressive comeback for the fiscal year ended June 30, thanks primarily to strong equity markets, experts say. The median return among the 65 pension...
U.S. public pension funds may turn to more 'aggressive' …
WEBJan 31, 2022 · U.S. public pension funds will likely have to switch to more aggressive investment strategies in the coming years to fill funding gaps despite assets held by sovereign investors having grown to...
FACT SHEET: President - The White House
WEBDec 8, 2022 · Today’s Announcement Protects the Earned Pensions of more than 350,000 Union Workers and Retirees from 60% cuts: Prior to passage of the American Rescue Plan, the Central States Pension Fund,...
US pension funds worth $1.5tn add risk through leverage
WEBJan 20, 2024 · US public pension plans that manage hundreds of billions of dollars of assets are increasingly turning to risky leverage strategies as burgeoning private market holdings create cash flow strains.
Biden Announces $36 Billion Rescue for Teamster Pension Fund
WEBDec 8, 2022 · President Joe Biden on Thursday announced the largest rescue package for a pension plan in U.S. history. The nearly $36 billion infusion for the Central States Pension Fund will mostly...
Rescue Package Includes $86 Billion Bailout for Failing Pensions
WEBMar 7, 2021 · The bailout targets multiemployer pension plans, which bring groups of companies together with a union to provide guaranteed benefits. All told, about 1,400 of the plans cover about 10.7 million...
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