Congress · 117th Congress
Parties make more ‘Byrd rule’ arguments to parliamentarian
Union pension plans’ financial woes are putting such a strain on the PBGC that its multiemployer insurance fund is in danger of running dry by 2026.
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Union pension plans’ financial woes are putting such a strain on the PBGC that its multiemployer insurance fund is in danger of running dry by 2026.
The Teamsters’ Central States fund, with some 360,000 participants, is expected to be insolvent in 2026.
Pennies on the dollar The PBGC estimated that its insurance fund, which now has about $3 billion in reserves, will run out of money in 2026 — around the same time the nation’s second-largest union
Astoundingly they are also asking that the new standards not be implemented until 2026, during which time tens of thousands more patients — disproportionately people of color — would die.
And Medicare’s Hospital Insurance trust fund would run out of money by 2026, at which point it would be able to cover only 90 percent of incurred costs.
The Bureau of Labor Statistics forecasts that between 2016 and 2026, solar energy installers and wind turbine technicians will be the two fastest growing occupations in the country.