Search results
Results from the WOW.Com Content Network
On Dec. 8, President Joe Biden announced $36 billion for the Central States Pension Fund -- the largest ever award of federal financial support for worker and retiree pension security and the ...
Many multi-employer pension plans faced funding shortfalls during and after the Great Recession, when plans were left with many more retirees than active workers. Company bankruptcies and withdrawals from plans, as well as investment losses in 2001 and again in 2008 with the stock market collapse, greatly reduced the amount of money in plans ...
The $1.9 trillion American Rescue Plan is the culmination of the decades-long push to shore up some of the country's financially troubled multi-employer pension plans.
(The Center Square) – More state legislatures and governors are expected to take actions this year related to threats posed by the Communist Party of China (CCP) and People’s Republic of China ...
Discover the latest breaking news in the U.S. and around the world — politics, weather, entertainment, lifestyle, finance, sports and much more.
Many U.S. cities are allowed to participate in the pension plans of their states; some of the largest have their own pension plans. The total number of local government employees in the United States as of 2020 is 14.3 million. There are 11.1 million full-time and 3.1 million part-time local-government civilian employees as of 2020. [16]
The rankings below are the 30 largest public pension plans in the U.S., according to the 2018 list compiled by Pensions & Investments. [1] Because this information is now several years old, the numbers and rankings may no longer be entirely accurate.
In 1955, Williams was elected a trustee of the Central States, Southeast and Southwest Areas Pension Fund, one of the union's largest and most important pension funds. He later testified in federal court that leaders of organized crime paid him $1,500 a month in order to funnel $87.75 million in loans from the pension fund to construction ...