Donnelly Calls for Action to Protect Retiree Pensions, Highlights Hoosier Workers Who Would be Harmed by Looming Pension Cuts
U.S. Senator Joe Donnelly spoke on the Senate floor Tuesday, calling for action to protect the hundreds of thousands of workers and retirees across the country at risk of losing the pensions they earned through decades of work. Donnelly highlighted the stories of a number of Hoosiers who would be harmed by pension cuts. According to a press release, without congressional action, the nearly 150 multiemployer pension plans listed by the U.S. Department of Labor as in “critical or endangered status” could fail, potentially leading to the collapse of the federal pension insurance program, the Pension Benefit Guaranty Corporation. This could impact thousands of Hoosier Teamsters and mineworkers.
Leave a Reply
You must be logged in to post a comment.