Key Points
- President Joe Biden on Thursday is announcing the infusion of nearly $36 billion to prevent severe cuts to the retirement incomes of more than 350,000 Teamster workers and retirees across the United States.
- The money for the Central States Pension Fund is the largest amount of federal aid provided for a pension plan.
- The funds come from the American Rescue Plan, a $1.9 trillion coronavirus relief package signed into law in 2021.
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