Budget Bill May Include Provision for a Bi-Partisan Committee on Pension Crisis

The Senate version of the budget bill has a provision to establish a House-Senate Joint Select Committee to propose a solution to the pension crisis for consideration by Congress in December. Senator Sherrod Brown (D-Ohio) who has been a strong supporter of the pension protection movement, announced it was the best he could do.

Sherrod_Brown_thumb.jpgThe Butch Lewis Act, a reasonable solution to the pension crisis, will not be enacted in the budget deal. This is a setback to the movement, but does not come as a surprise because the Republican leaders in Congress have not been supportive.

It remains to be seen if the House version of the budget bill includes the provision for the joint committee, which will be charged with holding public hearings and proposing a solution to Congress by the end of November. However, it will require bipartisan agreement to have the proposal come to a vote.

Read Senator Brown’s release explaining the proposal.  

Brown summed up the situation: “Washington bailed out Wall Street, and Wall Street turned around and stole the pensions Ohioans worked for. Now Congress has a responsibility to protect the pensions workers earned before it is too late.”

The fight to protect earned pensions and protect pension promises continues – and has to grow in strength to push Congress to act.

Congress could create special panel to address union pensions

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  • commented 2018-02-25 17:16:06 -0500
    i am retired from Preston Trucking in St.Louis,Mo. local 600
  • commented 2018-02-25 17:14:52 -0500
    what i can not understand is this,our leadership from the top
    down have given up on the pension funds like Central states and when they organize a company they allow the company to establish their own pension plan.What kind of a fool do they think we are.now what they do is dump us on the politicans inD.C. why don.t they at least man up for their lack of compassion for all of us retiress
  • posted about this on Facebook 2018-02-12 10:17:26 -0500
    Budget Bill May Include Provision for a Bi-Partisan Committee on Pension Crisis
  • commented 2018-02-10 01:26:54 -0500
    If this bill does not reinstate the 29% cut that we took from the teamsters in the Northeast,then I don’t give two shits about it.i worked for 20 years at ups and paid into my pension,and those theives at the teamsters stole our money,I did not work and put up with bullshit every day at ups so Hoffa and his coherts could steal my money,Hoffa should be prosecuted and sent to prison.never trust anyone to watch over your money.
  • commented 2018-02-09 15:31:46 -0500
    Can you hear it? That’s the death blow for the Central States. Poor poor active participants. They are going to be left with a bag full of sheet.
  • commented 2018-02-08 18:07:30 -0500
    The GOP will NEVER pass this..they are only interested in STEALING from workers
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