Business Report:Local union pension fund gets $183M federal bailout

The retirement plan covering nearly 5,400 Southwest Ohio union carpenters got nearly $183 million government stimulus money. [Read in browser]( [Read in browser]( Business Report LATEST BUSINESS NEWS THROUGHOUT GREATER CINCINNATI Wed Aug 16 2023 [Local union pension fund gets $183M federal bailout]( [12. Pension Benefit Guaranty Corporation • Year founded: 1974 • Industry: Insurance The Pension Benefit Guaranty Corporation was established through the Employee Retirement Income Security Act of 1974. The PBGC functions to protect worker pensions. Before its existence, workers had no recourse for receiving benefits if their former employer went out of business. There are about 900,000 retired Americans who now receive their pension benefits through the PBGC, and about 37 million working Americans are protected by the company. The company's operations are financed largely through employer-paid insurance premiums and investment income, and it receives no taxpayer support. ALSO READ: 30 Companies With the Largest COVID-19 Government Contracts]( The retirement plan covering nearly 5,400 Southwest Ohio union carpenters got nearly $183 million government stimulus money. [READ MORE]( Advertisement [The new Honey Pepper Pimento Chicken Sandwich and Caramel Crumble Milkshake will be available at Chick-fil-A restaurants nationally on Monday, Aug. 28, 2023.]( [Chick-fil-A to add new milkshake and sandwich to their menu this fall]( Chick-fil-A said the Honey Pepper Pimento Chicken Sandwich and Caramel Crumble Milkshake will be available nationwide on Aug. 28. [READ MORE]( [Video still image from video id 8354625001]( [Allworth Advice: Learn to program your money views]( Amy Wagner with Allworth Financial discusses how to program your money views. [READ MORE]( [Amy Wagner with Allworth Financial discusses how dying isn't the biggest fear for Americans]( [Allworth Advice: Dying isn't the biggest fear of Americans]( Amy Wagner with Allworth Financial discusses how dying isn't the biggest fear for Americans [READ MORE]( [FILE - Kroger Co. will close two supermarkets in Southern California in response to a local ordinance requiring extra pay for certain grocery employees working during the coronavirus pandemic. The decision announced by the company Monday, Feb. 1, 2021, follows a unanimous vote last month by the Long Beach City Council mandating a 120-day increase of $4 an hour for employees of supermarkets with at least 300 employees nationwide and more than 15 in Long Beach.]( [Butler County woman socked with $2,800 Kroger bill after online order]( Jill McCormick was awaiting her digital Kroger order when she got a startling message: Her bank account had been charged almost $2,800. [READ MORE]( [Crane operator Jason Pauley lifts a car onto the shredder at River Metals Recycling, Newport in 2013. The car will be completely shredded in a matter of seconds.]( [Newport's case against River Metals Recycling halted as fixes are made]( A trial in the case was scheduled to begin Monday, court records show. [READ MORE]( Sign up for the news you want Exclusive newsletters are part of your subscription, don’t miss out! We’re always working to add benefits for subscribers like you. [SEE ALL NEWSLETTERS ➔]( [SEE ALL NEWSLETTERS ➔]( Advertisement [Newsletters]( | [eNewspaper]( | [Crosswords]( Follow Us Problem viewing email? [View in browser]( [Unsubscribe]( • [Manage Newsletters]( • [Terms of Service]( • [Privacy Policy/Your California Privacy Rights]( • [Privacy Notice]( • [Do Not Sell My Info/Cookie Policy]( • [Feedback](