The PBGC interpreted the law as written, and the consequences could be most unpleasant.
Forbes post, “The Multiemployer Pension Bailout Is Huge. But Here Are The Retirees Still Waiting For Theirs”
Multiemployer pensions got their $86 billion bailout in the covid spending bill. But there were other bailout hopefuls who weren’t so fortunate.
Forbes post, “Too High? Too Low? One Thing’s For Sure: The Covid Relief Bill Is About Far More Than Covid Relief
It’s false advertising, at the least, to spend Covid relief money on multiemployer pension plans, no?
Forbes post, “Multiemployer Pension Plan Bailout Update: The Good News, Bad News, And The Pricetag”
The details of the bailout, such as there are, point to the brokenness of the political system.
Forbes post, “Multiemployer Pensions Update: A Lump Of Coal In Their Christmas Stockings”
Why is there still no multiemployer pension plan rescue package? No one really knows if the bargainers are working in good faith.