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Pension News

Rep. Richard Neal, D-Mass., the new chairman of the House Ways and Means Committee and a longtime proponent of increasing retirement savings, introduced his first bill of the new congressional session Wednesday that focuses on aiding multiemployer pension plans: https://www.pionline.com/article/20190110/ONLINE/190119982/bipartisan-bill-looks-to-help-struggling-multiemployer-plans

In its first action in the 116th Congress, the House Ways and Means Committee introduced a bipartisan bill that would channel loans to collectively bargained pensions destined for insolvency: https://www.benefitspro.com/2019/01/14/rehabilitation-for-multiemployer-pensions-act-introduced-in-house/

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Teamsters Take Action

Multiemployer pension funds in our country are facing a crisis and there is no time to lose in finding a solution. Without rapid congressional action 1.5 million retirees and hundreds of thousands of active workers in some 300 failing multiemployer plans – including the Teamsters’ Central States Plan– will be at risk of losing the pensions they earned through a lifetime of hard work. Take Action and CLICK link below!

As Members of Congress take the next few months before the midterm election to spend more time in state with their constituents, it is the perfect time to try to engage them on the multiemployer pension crisis in our country and urge them to quickly adopt a solution that will keep pension benefits whole.

As you are probably aware, Congress this year created a Joint Select Committee and tasked it with crafting legislation that will solve the crisis.  We need the constituents of the Joint Select Committee’s membership to reach out to encourage their congressperson(s) to join together and report out a bipartisan solution to America’s multiemployer pension crisis that does not include cuts to benefits.

Tell your Congressperson that you support the only legislation already introduced that will provide a path to financial health for troubled pension plans, alleviate pressure on the Pension Benefit Guaranty Corporation, and ensure that retirees and active Teamster members receive all of the benefits that they earned, the Butch Lewis Act (H.R. 4444/ S. 2147).

Individuals who do not have a member of Congress appointed to the Committee can help too by reaching out to their Senators and Representative to urge them to either cosponsor the Butch Lewis Act or encourage their colleagues to add their support to the legislation — The more bipartisan support the legislation garners, the more likely it is to be adopted by the Committee. Take Action and CLICK link below!

Stand with working men and women in the fight for our hard-earned retirement security

Stand with working men and women in the fight for our hard-earned retirement security. Add the #ProtectOurPensions frame to your social media profile pic: https://twibbon.com/Support/protectourpensions

Congress must act to help millions of Americans facing an uncertain future as their retirement security is threatened through no fault of their own. #ProtectOurPensions
Working people in hundreds of pension funds have worked hard for decades with the promise of a secure retirement. We need Congress to step up now to #ProtectOurPensions #PassButchLewisAct
We speak with one voice as retired workers from many unions demanding our hard-earned retirement benefits. #ProtectOurPensions #Solidarity

Tweets to Decision Makers

.@SenSherrodBrown, @Sen_JoeManchin, @SenatorHeitkamp, @SenTinaSmith – millions of working men & women are counting on you to #ProtectOurPensions. We need Congress to take action to save our hard-earned retirement benefits! #PassButchLewisAct
.@RepRichardNeal, @BobbyScott, @DonaldNorcross, @RepDebDingell – millions of working men & women are counting on you to #ProtectOurPensions. We need Congress to take action to save our hard-earned retirement benefits! #PassButchLewisAct
.@senorrinhatch, @SenAlexander, @MikeCrapo, @robportman – millions of working men & women are counting on you to #ProtectOurPensions. We need Congress to take action to save our hard-earned retirement benefits! #PassButchLewisAct
.@virginiafoxx, @DrPhilRoe, @VernBuchanan, @RepDavid – millions of working men & women are counting on you to #ProtectOurPensions. We need Congress to take action to save our hard- earned retirement benefits! #PassButchLewisAct

SAMPLE FACEBOOK POST

Today, workers and their families are taking action in Columbus, Ohio to put a spotlight on America’s growing pension crisis. With hundreds of multiemployer pension plans facing insolvency in the next 10 years, we’re calling on Congress to act now. The retirement security of millions of active and retired workers is threatened through no fault of their own. Please call 888-979-9806 now to tell members of the congressional Joint Select Committee on Solvency and Multiemployer Pension Plans and your representative in Congress that it’s time to #ProtectOurPensions. After you make the call, text “Pension” to 86466 to join the fight for retirement security! http://ibt.io/PensionsLive

PROFILE PHOTO FRAME

https://twibbon.com/Support/protectourpensions

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