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Multiemployer Pension News Articles 10-23-20

Freightmaster1

Freightmaster1

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Multiemployer Pensions and the PBGC


  1. WhiteHouse.gov: Memorandum from the President on Pensions of Delphi Corporation Retirees and Other Retirees Covered by Vulnerable Pension Plans
  2. WhiteHouse.gov: President Donald J. Trump is Taking Unprecedented Steps to Protect the Pensions of American Workers
  3. Bloomberg Law: Singling Out Delphi, Trump Addresses Broad Pension Crisis
  4. Pensions & Investments: White House orders review of Delphi pension fund termination
  5. Dayton 247 (OH): Trump directs administration to review Delphi pension case
  6. New York Post: JCPenney’s new owners reject a $3.2 billion pension plan
  7. Dayton Daily News (OH): Trump issues ‘memorandum’ for Delphi salaried retirees
  8. Cleveland.com (OH): President Trump issues election-eve memo on Delphi retiree pensions
  9. The Wall Street Journal: Big Labor’s Big Senate Plans
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Pension Warriors, This is an important time for all of us as we watch the news and consider how it will impact our decisions to Vote our Pensions. Many of you saw the news this week regarding the Presidential Memorandum signed into effect..


Unfortunately, this is not the help we need now. The following information is being provided to give you informative information, as we see it, about the Presidential Memorandum as you Vote Your Pension.


Facts:

  1. We ALL know what a ‘promised’ time frame of 180 days with no substance means. Remember the 10 months we waited on the Joint Select Committee to find a solution and how that ended?

  2. If the Administration is actually interested in finding a pension solution with the good of the retirees in mind, why would they have not included us in the next Stimulus package that has been waiting since May with no results?

  3. Why, with the Election 12 days away, is there a possible solution six months away that has no written, detailed plan that promises a fix and may actually never happen?

  4. For Delphi, this only impacts non union and salaried employee pensions, which are a part of the single employer pension system. This order looks into restoration for the pensions, it does not order restoration.

  5. Why is a tentative solution for Delphi in 90 days being talked about now? Please note that one of the Ohio Congressman indicated it could represent 20,000 votes for the administration.

  6. The Presidential Memorandum mentions multiemployer plans that are under PBGC trusteeship, it does not mention critical and declining plans like CSPF.

  7. Since critical and declining plans are not mentioned, they might get the 20,000 votes from Delphi, but the administration stands to lose 1.3 million votes or more from the critical and declining multi plans.


    :hissyfit:
 
Check out this important information above from the NUCPP! Please remember to call the White House ASAP!


Call the President
PHONE NUMBERS
Comments: 202-456-1111
Switchboard: 202-456-1414


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raw

:6799::usa:
 
BIDEN/OBAMA bailed out the united auto workers during the great recession of 2008,2009. Stiffed the white collar workers at Delphi! HOFFA applied to BIDEN/OBAMA for TARP money, they told the TEAMSTERS to go **** themselves. If my facts are not accurate, I would like NUCPP, PRC or the DEMOCRAT party to provide the truth.
 
Funny thing George Miller, the other half of Kline/Miller MPRA, was one of the most liberal members of congress. He obviously thought pension reform was crucial to the survival of organized labor. One has to question the integrity of those who politicize pension reform, for their own personal gain, sad, very sad.
 
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