Wisconsin Veterinarians Are Getting Neutered

Doggone it! Wisconsin is experiencing a Veterinarian Shortage. Get it? Doggone it? Cause Veterinarians work with dogs?

Pensions for 22,000 Wisconsin union workers and retirees in the Central States Pension Fund have been shored up through 2051 thanks to federal relief money. How in the h-e-double-hockey sticks could something that good happen?

Here’s Five Fast Facts about the Pension Shore Up:

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1. 👷 Mo’ Money - 350,000 total current and retired teamsters in 10 states (including Wisconsin, duh) are getting a total of $36B in federal money.
2. 👩‍🏭 Mo’ Members - The CSPF is a multiemployer pension fund that provides benefits and retirement for members and qualifying beneficiaries. Members include truck drivers, warehouse workers, construction workers, and food processors.
3. 📊 Less Problems - Around 200 similar multiemployer pension plans were in danger of insolvency and the CSPF would have had to cut member benefits by 60% without the cash infusion.
4. 💰 Money Man - Money came from the Special Financial Assistance Program that was part of President Biden’s American Rescue Plan. 
5. 📈 Most Money - The CSPF received the largest amount awarded, with the next largest award coming in at $1.8B. What a bunch of losers.

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🔥Bottom line: Blue collar workers win big here. The fact that there is now enough money for 30 years is jaw-dropping and a sure sign that union members aren’t being completely forgotten.

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Did your pension get help?

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