President Joe Biden directed $36 billion to the Central States Pension Fund, which provides pension benefits to nearly 360,000 workers and retirees, mostly from the International Brotherhood of Teamsters union. The pension fund said it applied for what it called a “legislative rescue,” part of Biden’s American Rescue Plan, because it faced insolvency in 2025. The White House called the $36 billion “the largest ever award of federal financial support for worker and retiree pension security.” This has been done before but I don't think he asked the Congress (they control the purse - LOL, NOT!)
PS Turns out it will not save the pension plan but who cares, Biden will be gone. Do you realize in a few years at the most, our dollar will be gone, social security will be gone, pensions will be gone...