Congressman Mark DeSaulnier (CA-10) announced that the Northern California UFCW Plan, based in Concord, will receive $2.6 billion in federal pension relief funding. The assistance is intended to help the plan continue paying full retirement benefits to its 138,516 participants in the service industry for many years.
According to DeSaulnier, the funding stems from the American Rescue Plan, which he supported in 2021, and is aimed at protecting benefits for workers and retirees.
The funding application was submitted through the Special Financial Assistance (SFA) Program by the UFCW–Northern California Employers Joint Pension Plan and approved by the Pension Benefit Guaranty Corporation. The SFA Program is designed to support severely underfunded multiemployer pension plans and help ensure participants receive their earned benefits.
Gotta bail out those unions so Representative Useless can get the votes to be reelected.
Unions must be as corrupt as Congress.
Just in case anybody is wondering….. The UFCW is the United Food and Commercial Workers the largest private sector union in northern California, including grocery, food harvesting and processing, cannabis, financial services, and healthcare.
American taxpayers are on the hook for promises made by the union that they won’t keep.
Wow – This is crazy that a Union would need a bailout. I think they need an Audit instead!
That a boy Mark. Play it up to those union donors. When are you going to write a stern letter, like you did about the immigration courts. In the letter you should be asking why the UFCW plan is in declining status as it impacts many of the hard working people in need of this benefit. What actions are they taking to improve it and who is accountable for the decline. Got get ’em Mark.
No one is bailing out my 401(k) but I am paying to bail out someone else’s?
Wow – another payoff this time to his precious union bosses. Mark is corrupt as they come. Note too the timing – funds approved 2021 funds may come (and I say may come you because you know wink wink Mark) in 2026 in time for elections. Mark must go! Anyone want take the bet that the funds mysteriously never appear but resurface as a promise for Mark’s next election? What a fraud.
Seeing a pattern,
endless press releases until NOvember . . . . .
Just asking a simple question. How does a pension plan have a shortfall when the stock market is a few % points from record highs? What 401k plan is not close to all time highs? Did they invest 1 penny in any of the companies that are up 10, 20, 30x in the last 4 years? What they need is an independent audit!
Dems cannot give any of this particular money directly to Democrat Party or individual Dems
running for office. But the Unions, beneficiaries, and employees can certainly donate a goodly
sum of their “windfall” $$ right back into the political arena and over to their various Democrat
PACs ~~ with just enough poured into the trough of the Rino herd to get them to shut up and
play ball..
Yes, we are that stupid!
You know, I immediately had the exact same question. So I googled. And googled. And googled. And… nothing. You can find articles about mismanagement of CalPERS and CalSTRS (state employees and teachers pension funds), as a result of which both underperform and will face shortfalls – again, to be covered by CA taxpayers. But there isn’t a peep about this one. Only the Department of Labor notice of shortage:
https://www.dol.gov/sites/dolgov/files/EBSA/about-ebsa/our-activities/public-disclosure/status-notices/declining/2025/ufcw-northern-california-employers-joint-pension-trust-fund.pdf
Makes you wonder why not a single journo is interested in the story.
I don’t think the pension should be set up this way, but I’m assuming this is a defined benefit pension plan.
REMEMBER THIS AT ELECTION TIME
Conservative Patriot,
.
This was approved by the Trump Administration.
…….and your point would be?????????
Conservative Patriot,
.
My point is that President Trump won’t be appearing on the 2026 ballot.