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Sen Smith meets with Teamsters to celebrate win for pensions

Sen. Smith meets with Teamsters to celebrate win for pensions Teamsters Local 346 is part of Central States Pension Fund, which is on its way to being insolvent as it pays out $3.46 for every dollar it takes in. 4:34 pm, Apr. 23, 2021 × U.S. Sen. Tina Smith laughs with Proctor Mayor Chad Ward, business agent with Local 346, during a meeting at the Teamsters Local 346 Friday afternoon. Smith spoke about the recently enacted American Rescue Plan to avoid a looming pension crisis that threatened the retirement security of more than 1 million Americans, including 22,000 Minnesotans. (Jed Carlson / jcarlson@superiortelegram.com) Over three years ago, when U.S. Sen. Tina Smith, D-Minn., met with retired Teamsters from Local 346 at Radisson Hotel Duluth-Harborview, the mood was somber and dire. The Teamsters were very worried they wouldn’t receive the full pension they were promised and paid into for many years.

Help with money, mental health issues during the pandemic

Print Dear Liz: I have a friend in dire financial straits. She has borrowed from her retirement, spends too much and didn’t pay her rent thinking she would get pandemic relief, but she makes too much to qualify for emergency rental assistance. She has mental health issues, which are being addressed by a therapist, but I would love to offer her financial counseling services as well. She is in her late 50s and desperately depressed over this. It’s hard to stand by when the rest of our friend group is doing well, and we’re not sure how to direct her. I would possibly be willing to pay for a financial counselor but will not “loan” her money because that is a losing proposition.

The Multiemployer Pension Bailout Is Huge But Here Are The Retirees Still Waiting For Theirs

The Multiemployer Pension Bailout Is Huge But Here Are The Retirees Still Waiting For Theirs
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.

Troubled multiemployer pension plans saved through coronavirus relief bill

Troubled multiemployer pension plans saved through coronavirus relief bill
constructiondive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from constructiondive.com Daily Mail and Mail on Sunday newspapers.

6 Ways the New COVID-19 Relief Law Affects Retirees

6 Ways the New COVID-19 Relief Law Affects Retirees
moneytalksnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneytalksnews.com Daily Mail and Mail on Sunday newspapers.

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