Democrats eye union pension rescue as part of coronavirus aid

[Freightmaster1]

Leaders of four committees of jurisdiction signed off on the strategy​

Democrats eye union pension rescue as part of coronavirus aid - Roll Call

House Education and Labor Chairman Robert C. Scott plans to introduce legislation Thursday to provide tens of billions of taxpayer dollars to rescue failing union pension plans. The bill would also allow struggling companies to delay tens of billions of dollars in contributions to their nonunion...

www.rollcall.com

House Education and Labor Chairman Robert C. Scott, D-Va., plans to introduce legislation to rescue failing union pension plans. (Tom Williams/CQ Roll Call file photo)

 

[Banned for Life]

I read the article, sounds like Grassley/Alexander, not butch lewis. So the cuts will be deeper since we've burnt through an extra 12 billion dollars in the last six years. Thanks pension warriors. I'd like to thank you also for all the unemployed Keystone pipeline workers. Joe Biden the labor president.

 

[Banned for Life]

The other key provision of this bill, companies can now short change their single employer pension funds. Didn't take biden long to join team Wall Street.

 

[Banned for Life]

I looked into this more, and it only gets more confusing. It doubles the PBGC guarantee, but that is a mute point. Because it guarantees 100% of benefits. Plus retroactive pay for cuts under MPRA. To bad the dems cannot even make their press releases understandable.