October 31, 2024

Boston Herald: Elizabeth Warren’s office: Biden-Harris and Congressional Dems saved 1.4 million union pensions

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.

Read the full story here.


By:  Matthew Medsger
Source: Boston Herald