The $36 billion goes to the Central States Pension Fund, which provides pensions to...
the $36 billion"the largest ever award of federal financial support for worker and retiree pension security."Several experts told PolitiFact they know of no funding for a private pension fund on the scope of Biden’s plan. They agreed the term"bailout" applies.
Zachary Christensen, managing director of the Pension Integrity Project at the Reason Foundation, said the payout"is the first major bailout of a specific private pension plan." And a spokesperson for the Center for Retirement Research at Boston College said there is no precedent.
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