Flanked by union members whose pensions will be preserved, not destroyed, President Joe Biden touted The Butch Lewis Act that will keep pensions flowing to retirees and their families through 2051.

Part of Biden’s American Rescue Act, the Butch Lewis Act provides long-term aid to some 200 financially troubled multi-employer pension plans that never recovered from the 2008 Recession.

Between 2 million and 3 million workers were at risk, including members of the building trades. Continue reading →