US Senate News:
Source: United States Senator for Massachusetts – Elizabeth Warren
October 31, 2024
The Biden-Harris Administration and Congressional Democrats saved the pensions of more than a million union members, many of which could have become insolvent in the coming year, according to a new report out of U.S. Sen. Elizabeth Warren’s office.
Titled “Promises Made, Promises Kept,” the report explains how system shockwaves that started with the 2008 financial crisis were compounded by corporate bankruptcies, congressional inaction, and fund mismanagement, and were putting multiemployer pension plans at risk of drastic benefits cuts.
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Read the full story here.
By: Matthew MedsgerSource: Boston Herald