Pensioners celebrate $36 billion pension bailout

Pensioners celebrate $36 billion pension bailout

Retirees who have spent nearly a decade fighting for their promised retirement benefits celebrated a major victory on Thursday as President Joe Biden announced a $36 billion bailout for their ailing pension plan. The bailout of the Central, Southeastern and Southwestern States Retirement Fund, an underfunded multi-employer defined benefit plan, is the largest amount ever …

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