Pensions & Benefits


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Steelworkers Union: Don't Pass Pension Cut Bill

Dear Member of Congress: On behalf of the 1.2 million active and retired members of the United Steelworkers Union (USW), I urge you to oppose last minute legislation added to year-end spending legislation which will dramatically reform the multi-employer pension system and cut benefits to existing retirees. The lack of transparency and the inability to provide significant input into legislation which impacts close to 250,000 USW members and retirees in multi-employer pension plans is the...

A Teamster Letter to Congress

Retired Teamster Mike Walden (Chairman, Northeast Ohio Committee to Protect Pensions) wrote a letter to Congress regarding the move to quietly tack an amendment on the government spending bill which would allow pension funds to cut the pensions of workers already in retirement.  We hope every Senator and Congressperson reads it!       See what you can do to help head off this sneak attack.   Dear Congressional Representative: A report on the deal being made...

The lame-duck Congress plots to undermine retiree pensions

Michael Hiltzik Los Angeles Times December 06, 2014 View the original piece Passing legislation on a tight deadline--especially a bogus deadline--is invariably a formula for serious mischief. That's what's happening with a proposal to deal with a supposed crisis in worker pensions by allowing trustees to slash the pensions of already-retired workers to shreds. Members of the House Education and the Workforce Committee are trying to slip the measure into an omnibus spending bill to...

Bill Could Slash Pensions Across America

Scott Taylor 19 Action News December 06, 2014 View the original piece (WOIO) - A new bill that could be passed before Congress leaves for winter break has a lot of retirees upset.Donna and Daniel McAuliffe are heading into a nightmare next week, as Congress could pass a bill that opponents say will slash some retiree's pensions by 65 percent. This scares the Brunswick couple. "It's going to hurt and it's going to hurt a...

A Strategy for Pensions at Risk of Extinction

Floyd Norris The New York Times December 05, 2014 View the original piece When people are old, should governments guarantee they have incomes? In the 19th century — 125 years ago — Germany became the first country to answer yes to that question, adopting an old-age pension system at the behest of Chancellor Otto von Bismarck. Click here to read more The New York TImes.
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