• President Joe Biden on Thursday is announcing the infusion of nearly $36 billion to prevent severe cuts to the retirement incomes of more than 350,000 Teamster workers and retirees across the United States.
  • The money for the Central States Pension Fund is the largest amount of federal aid provided for a pension plan.
  • The funds come from the American Rescue Plan, a $1.9 trillion coronavirus relief package signed into law in 2021.

https://www.cnbc.com/2022/12/08/president-biden-releasing-36-billion-to-aid-pensions-of-union-workers.html