The $2 trillion stimulus package which passed the Senate and will likely soon be passed by the House, called the “Phase 3” plan to revive the economy, did not include protection for earned pensions. But that fight is alive right now, because a new “Phase 4” bill will be considered in late April.
The National United Committee to Protect Pensions (NUCCP) reports that some members of Congress and staff are working to make sure pensions will be addressed in the “Phase 4” bill. The House-passed bill did include the Butch Lewis Act to protect pensions, but the Senate bill did not include any pension protection.
The NUCPP encourages Teamsters to contact their local Congressional representatives and Senators and insist that they back legislation to protect our hard earned retirement security.