Looks like trying to keep anyone else getting cut.
Senators Robert Portman (R-OH) and Sherrod Brown (D-OH) reintroduce the Pension Accountability Act: The Multiemployer Pension Reform Act (MPRA) allows certain deeply underfunded multiemployer plans to apply to the Treasury Department to cut benefits. If the agency approves the cuts, then workers and retirees are given a vote to approve or deny the cuts. However, the way the law is written, the voting process is completely unfair allowing for those who didn’t bother to cast a ballot to be counted as “yes” votes, leading to thousands of people having their pensions slashed. The Pension Accountability Act (S.833) would amend the voting procedures under MPRA to count only returned ballots, ensuring that workers’ and retirees’ voices are truly heard. The Pension Rights Center is quoted in
Senator Portman’s press releaseapplauding him ”for introducing this commonsense technical fix to the unfair and undemocratic voting process in MPRA