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Tag Archives: insolvency

Central States Pension Fund Seeks Federal Assistance to Meet Future Retirement Obligations

Several lawmakers and consumer advocacy groups have called on Congress to introduce a bill that would allow the Central States Pension Fund to receive financial assistance from the federal government, the Washington Post reported Monday. Jonnelle Marte writes the multi-employer retirement benefits program is out of strategies to avoid a looming insolvency. “At …

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Peter Rogoff: Highway Trust Fund Deficit Could Derail Infrastructure Projects

A Transportation Department official told lawmakers Wednesday that a funding shortfall in the agency’s highway trust fund could delay reimbursements to U.S. states carrying out infrastructure work, Reuters reported Wednesday. Elvina Nawaguna writes Peter Rogoff, DOT’s acting policy undersecretary, discussed the fund’s impending deficit before the House Transportation subcommittee on …

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