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Biden Protects Pensions, Retirement Security for Millions of Workers

Washington, D.C. (July 6, 2022) – Terry O’Sullivan, General President of LIUNA – the Laborers’ International Union of North America – made the following statement today:

President Biden’s action on a final rule through the American Rescue Plan’s Special Financial Assistance will protect the retirement security of millions of Americans including LIUNA retirees, beneficiaries, and members. The White House plan will provide a life-saving transfusion of federal investment for union members’ multi-employer pensions; saving some funds from insolvency caused by forces outside of their control, and ensuring that pension promises will be met.


With the support of this Administration, millions of retirees – including thousands of LIUNA retirees, members, and beneficiaries can breathe a sigh of relief, knowing that they will still receive their full pensions and be able to retire in dignity after a lifetime of hard work.


LIUNA is grateful to the White House for their leadership in protecting pensions and looks forward to the implementation of rules that will further strengthen retirement security for working men and women.


The half-million members of LIUNA – the Laborers’ International Union of North America – are on the forefront of the construction industry, a powerhouse of workers who are proud to build the United States and Canada.