Central States Teamsters -- some backstory on their bailout

In this episode, I give some background on the players in the Central States Teamsters bailout — the PBGC, ERISA, the prior attempts at fixing multiemployer plans, why multiemployer plans got into trouble compared to single employer plans - and more!STUMP - Meep on public finance, pensions, mortality and more is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.Episode LinksCurrent EventsDec 10, 2022: Central States Teamsters Pension Fund finally gets its bailout money, as planned -- now what?John Bury at burypensions: Central States Bailout ApprovedPensions & Investments: Biden announces $36 billion in federal aid for struggling Central States Teamsters planBackground ReadingWikipedia article on ERISADepartment of Treasury: Frequently Asked Questions about the Kline-Miller Multiemployer Pension Reform ActPBGC page on MPRA of 2014May 2016: Central States: I Guess the Plan is To Run Out of MoneyJohn Bury’s entire Multiemployer Pensions category at burypensionsSTUMP - Meep on public finance, pensions, mortality and more is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to STUMP - Meep on public finance, pensions, mortality and more at marypatcampbell.substack.com/subscribe