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Retirees Want Pension Fix From Congress

Discussion in 'Central States Pension Fund Discussion' started by Freightmaster1, Oct 17, 2019.

  1. Freightmaster1

    Freightmaster1 Well-Known Member

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  2. jimmy g

    jimmy g Kook

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    From the article:


    While Portman supports the goals of the legislation that passed the House of Representatives, she said he has “significant concerns” about its cost to taxpayers and whether it addresses structural problems that currently face the Pension Benefit Guaranty Corporation, the arm of the federal government that insures pension plans.

    "He will continue to work with Republicans and Democrats, including Senator Brown, to develop a comprehensive bipartisan solution to the multi-employer pension crisis based on the bipartisan framework developed by last year’s Joint Select Committee,” said Benavides.


    The plan last Fall concentrated on raising the Guarantee payout, and bailing out the Guarantee, but not the Full Pension.
     
  3. Jaloc

    Jaloc Well-Known Member

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    Younger workers want full pension contributions or strong 401k match!
     

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