Pension Advocates Call for Hearings on Pension Cuts

April 29, 2015: Today the Pension Rights Center presented a call for action to the US House Subcommittee on Health, Employment, Labor and Pensions, calling for hearings on the devastating impact of pension cutbacks authorized by December 2014 changes in pension law.

Teamsters for a Democratic Union and the pension protection movement support this call, and will work to advance legislation to correct the injustices of the Multiemployer Pension Reform Act (MPRA) passed in December.

The Subcommittee held a hearing on other aspects of pension law.

The Pension Rights statement concludes with a call for action: “We urge the Subcommittee to hold another hearing in the near future to listen to the concerns of the retirees and widows whose retirement security will be devastated by the cutbacks authorized by MPRA, to address their concerns, and to examine other ways of addressing the long-term financial problems of multiemployer plans and the PBGC.”

Get Advice Join TDU Donate

Recent News

UPS Strike Vote Starts This Week

UPS Teamsters will begin in-person voting to authorize a strike if UPS refuses to negotiate a fair agreement before the contract expires on July 31.

On the Table in UPS Talks: Ending Article 40 Concessions

Eliminating loopholes in Article 40 is on the table in national contract negotiations and UPS Teamsters who work in UPS’s air operations are ready to close the concessions stand for good.

View More News Posts