gemini104104
Verified User
Considering tRump and his seditious repuke insurgency did all they could to serve greedy corporations with huge tax cuts and other types of loopholes in order to protect their corruption and act of destroying the workers' security, President Biden has done something at turning the tide against this atrocity that was working on turning the worker into nothing more than slaves at destroying their taxpayer earned benefits, dignity and pension funds:
As many as 3 million workers and retirees who faced pension cuts because of investment losses will get the benefits they were set to receive.
President Joe Biden on Wednesday traveled to Ohio to highlight his administration’s work to prevent cuts to millions of workers’ pensions.
Biden’s visit was tied to the launch of a program created under the American Rescue Plan that provides assistance to struggling multicompany pension plans, ensuring that as many as 3 million workers and retirees will receive their full benefits.
“With today’s actions, millions of workers will have the dignified retirement they earned and they deserve,” Biden said in Cleveland.
More than 200 multiemployer plans, which are created between employers and unions, were on track to become insolvent in the near term due to the economic impact of the pandemic, according to the White House. Those plans are now projected to remain solvent until 2051."
https://www.nbcnews.com/politics/wh...n-protect-millions-workers-pensions-rcna36841
As many as 3 million workers and retirees who faced pension cuts because of investment losses will get the benefits they were set to receive.
President Joe Biden on Wednesday traveled to Ohio to highlight his administration’s work to prevent cuts to millions of workers’ pensions.
Biden’s visit was tied to the launch of a program created under the American Rescue Plan that provides assistance to struggling multicompany pension plans, ensuring that as many as 3 million workers and retirees will receive their full benefits.
“With today’s actions, millions of workers will have the dignified retirement they earned and they deserve,” Biden said in Cleveland.
More than 200 multiemployer plans, which are created between employers and unions, were on track to become insolvent in the near term due to the economic impact of the pandemic, according to the White House. Those plans are now projected to remain solvent until 2051."
https://www.nbcnews.com/politics/wh...n-protect-millions-workers-pensions-rcna36841
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