We're bailing out union pensions??-----Biden touts pension bailout plan, trying to swing Ohio blue | Courthouse News Service

Biden touts pension bailout plan, trying to swing Ohio blue | Courthouse News Service

• The rule is part of coronavirus-relief funding and promises to shore up retirement dollars for millions of union workers.
  

"...Some 200 retirement plans between companies and unions, known as multiemployer funds, were on track to run out of money due to investment losses, but the White House says they now stand to remain funded until at least 2051. 

This is all thanks to a new rule adopted last spring as part of the $1.9 trillion American Rescue Plan and given force Wednesday. 

The pandemic-era bill included a program allowing pension plans in need of financial support to apply for federal aid from the Pension Benefit Guaranty Corporation, the organization in charge of insuring the pensions..."

And this union crook:

Ex-Illinois state senator gets a year in prison for union embezzlement

Tom Cullerton pleaded guilty to embezzling from the Teamsters in March, two weeks after resigning his seat in the Illinois Legislature.