Joint pension committee now must act to preserve pensions


FEBRUARY 28, 2018

Joint pension committee now must act to preserve pensions

[TRIANGLE, VA]  United Mine Workers of America (UMWA) International President Cecil E. Roberts issued the following statement today:

“Now that the members of the Joint Select Committee on Multi-Employer Pensions have been named, it’s time for them to get to work to ensure that the hundreds of thousands of retirees who are in jeopardy do not lose the pensions they spent a lifetime to earn.

“The charge of this Committee is clearly spelled out in the enabling legislation. It is to ‘improve the solvency of multi-employer pension plans and the Pension Benefit Guaranty Corporation.’ The American people, and especially the retirees whose pensions are at risk through no fault of their own, have every reason to expect that the Committee will do just that.

“I am encouraged to see that some of the people on both sides of the aisle who have been working on this issue the longest and have the most knowledge of what needs to be done to address this problem have been appointed to this Committee.

“The UMWA stands ready to provide whatever information and assistance the Committee may need as it develops a plan that preserves the pensions our retirees literally put their lives on the line every day to earn.”