#shorts On 12/9/2022, White House Press Secretary Karine Jean-Pierre said, “The President announced historic relief to protect the hard-earned pensions of hundreds of thousands of union workers and retirees thanks to the American Rescue Plan.” On 12/8/2022, President Joe Biden announced he will pump $36 billion into a union pension plan to prevent drastic benefit cuts for pensioners, just a week after he signed a railroad labor deal opposed by several union organizations.

Biden has declared himself the most pro-union president in history. He filled several positions at the National Labor Relations Board, the nation’s top labor arbiter, with influential union leaders such as Jennifer Abruzzo, a former attorney for the Communications Workers of America. He has pushed Congress to pass the PRO Act, which would end right-to-work laws in more than a dozen states that ban union membership as a term of employment.

The announcement marks the largest federal award for retiree pensions in history and is funded by Biden’s $1.9 trillion American Rescue Plan, according to the White House. The $36 billion will go to the Central States Pension Fund, which is for mostly Teamster union members. The $36 billion amounts to about half of the available federal funds for pension relief under the American Rescue Plan. The pension fund, which covers 350,000 members, was at risk of cuts as high as 60%, but the White House said the fund will now be stable until at least 2051.

other clips of this published longer video is here: https://youtu.be/Kf3JViPtgY8

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Pro-Union Biden used $36B (largest) taxpayer money to bailout Union pension fund