CWA District 1 VP Dennis G. Trainor Speaking at White House Press Conference
Автор: CWA District 1
Загружено: 2024-06-21
Просмотров: 93
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On June 13, 2024, CWA District 1 VP Dennis Trainor and CWA Secretary-Treasurer Ameenah Salaam joined the White House in making an exciting announcement: 24,000 CWA Retirees will see their pensions restored through President Biden’s American Rescue Plan.
The Pension Benefit Guaranty Corporation (PBGC) approved the CWA/ITU Negotiated Pension Plan’s application for special financial assistance, ensuring that more than 24,000 workers and retirees will receive the full pension benefits that they earned through a lifetime of work. PBGC will award over $545 million to the CWA/ITU Negotiated Pension plan, which has nearly 24,300 participants nationwide. Without this grant, the plan was projected to become insolvent by 2029, which would have destroyed the retirement security of hard-working union members represented by CWA.
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