June 28, 2007: At a press conference today, Senator Tom Harkin (D-Iowa) introduced the Restoring Pension Promises to Workers Act of 2007, which contains a number of provisions “to help ensure Americans’ pensions will be there for them when they retire.” For one, the bill would create an Office of Participant Advocacy, which would be a resource for people who are affected by shortcomings in the laws. The bill also includes a provision that would require companies that provide extravagant executive pay packages to maintain a defined benefit pension plan for their workers. There are also protections for employees whose divisions are sold, certain retired union members affected by pension cutbacks, and spouses of federal employees. Read Senator Harkin’s press release. Karen Friedman, PRC Policy Director, spoke at the press conference in support of the bill. Read her statement.
Pension Rights Center: Pension Bill Introduced in Senate
Do you like this post?
Recent News
New NLRB Acting General Counsel Reverses Pro-Union Policies
February 17, 2025
In a blow to the Teamsters and other unions, the National Labor Relations Board (NLRB) is overturning policies that made it easier for nonunion workers to organize.
Union Busters Push for National Right to Work (for Less) Legislation
February 16, 2025
Anti-union politicians have introduced national Right to Work legislation in both the House and Senate. If passed, the legislation would hurt Teamsters and all workers.