The Pension Benefit Guaranty Corp. awarded $635 million to a struggling multiemployer ... will go to the Carpenters Pension Trust Fund – Detroit and Vicinity, a Troy, Michigan-based plan that ...

A struggling union pension fund for more than 22,500 metro Detroit carpenters and millwrights is getting a $635 million federal bailout, saving retirees from big cuts to their pension checks next ...

The $635 million grant from the administration of President Joe Biden to shore up the Detroit carpenters' pension fund comes after five years of efforts by the union to get federal assistance.