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Democrats stuck $86 billion no-strings-attached bailout into COVID relief bill to rescue union pension plans that were failing long before the pandemic

The massive COVID relief package Democratic Majority Leader Chuck Schumer (N.Y.) pushed through the Senate over the weekend has been repeatedly criticized for having more “pork” for lawmakers’ non-pandemic priorities than for actual COVID relief for families and businesses impacted by government-imposed restrictions during the last year of the coronavirus.

One of those non-COVID priorities, the New York Times detailed recently, is a nifty little $86 billion bailout for failing union pensions — pensions that were falling apart long before the pandemic hit.

And the bailout isn’t a loan to help the unions as they restructure or reform their plans — it’s just $86 billion in cash, with no strings attached.

The Times revealed recently that the relief bill making its way through Capitol Hill includes a massive bailout for 185 multi-employer pension plans “that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.”

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4 thoughts on “Democrats stuck $86 billion no-strings-attached bailout into COVID relief bill to rescue union pension plans that were failing long before the pandemic”

  1. What about all the money they snuck in for farmers of color only.
    If that’s not Racist I dint know what is ?

  2. Thanks from union members is not forthcoming, so don’t hold your breath. They’ll blow the money on dodgy investments and internal corruption. They’ll be back for more soon.

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