Photo: President Biden making a statement. Credit: Al Drago/Bloomberg. Photo: Al Drago/Bloomberg.

A collective sigh of relief was heard yesterday from 350,000 retired union workers of the Central States Pension Fund. President Joe Biden on Thursday announced an infusion of nearly $36 billion to shore up the financially troubled union pension plan, preventing severe cuts to the retirement incomes of Teamster workers and retirees across the United States.

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