Major unions and one of their leading allies in the U.S. Senate are hailing tens of billions of dollars allocated for shoring up struggling union pension funds.
The funding added to President Joe Biden’s $1.9 trillion COVID relief bill, dubbed the Butch-Lewis Act, would provide $86 billion to dozens of failing union pension plans across the country, including the Teamsters, carpenters, builders, and more. Ohio Democratic Senator Sherrod Brown said Tuesday the funding will save tens of thousands of Ohioans their pensions “earned over a lifetime.” He said he called some of those with pensions last weekend.
“The relief in their voices, the excitement, the tears. They had thought their retirement, what they had planned on might have been destroyed,” Brown said.