Biden's big pandemic stimulus bill is still helping prop up pension funds nearly 2 years after it was passed

Dec 8 2022 by Business Insider

 
Joe Biden has also released a plan to guard retirement funds from the climate crisis.

Manuel Balce Ceneta, File/AP Photo

Tucked in President Joe Biden's first big stimulus package was a provision to help fund pensions. Previously, there was a multiemployer pension crisis looming, with some potentially unable to pay out. But the money from the American Rescue Plan Act propped up 350,000 more workers' pensions.

Your grandparents' retirement fund might have just been saved, thanks to President...

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