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

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.

Read the full article.