Biden Taps Boston Mayor Marty Walsh For Labor Secretary: Reports
Walsh came out of the Massachusetts building trades and has deep roots in organized labor.
President-elect Joe Biden plans to nominate Boston Mayor Marty Walsh to be his labor secretary, Politico and CBS News reported Thursday. If Walsh is confirmed, the labor leader-turned-politician would be in charge of enforcing federal employment laws at a critical time.
Walsh has been Boston’s mayor since 2013 and previously held a seat in the Massachusetts House of Representatives. He served as president of the Laborers International Union of North America Local 223 until he arrived at Boston City Hall.
PBGC Pension Programs Continue Divergence
The pension lifeboat’s multiemployer plan is five years from insolvency, while the single-employer plan remains robust.
The Pension Benefit Guaranty Corporation’s (PBGC) insurance programs for single-employer and multiemployer plans continue to diverge, as the former remains healthy while the latter faces impending insolvency, according to the agency’s annual report.
The programs cover the pensions of more than 34 million participants with plan benefits worth more than $3 trillion. The multiemployer program covers approximately 10.9 million workers and retirees in some 1,400 pension plans, while the single-employer program covers approximately 23.5 million workers and retirees in about 23,200 pension plans.
HEART WARMING: Building trades give $5,100 to heat treatment center in January By: Bridgetower Media Newswires December 22, 2020
11:52 am
Representatives of the Milwaukee Building-Construction Trades Council stand outside the Meta House treatment center at 2625 N. Weil St., Milwaukee, to present a $5,100 check to heat the center in the month of January. (Photo courtesy of the Milwaukee Building-Construction Trades Council)
Representatives of the Milwaukee Building-Construction Trades Council present a check for $5,100 to the Meta House treatment shelter, at 2625 N. Weil St., Milwaukee. The money will pay the shelter’s heating bill for the month of January.
The donation was made possible by the trades council’s “Heat for the Holidays” campaign, which drew support from various labor organizations, including: Heat and Frost Insulators Local 19; International Association of Sheet Metal, Air, Rail and Transportation Workers Local 18; Laborers International Union of N