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.”

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