News
New York City-Based Multiemployer Plans Approved for PBGC Bailout
The Local 584 Plan and the Milk Industry Office Employees Pension will receive funds under the Special Financial Assistance Program.
As the European Commission approves the move, parliament calls off the trims, slated for 2019.
Draft of plan calls for $3 billion a year to subsidize payments for retirees.
Alexis Tsipras’ post-bailout plans will depend on the European Commission’s approval once it gets Greece’s economic projections.