Pension Funding Legislation Re-Introduced into the 116th Congress: TAKE ACTION!
Representing manufacturing, production, maintenance and sanitation workers in the baking, confectionery, tobacco and grain milling industries.
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06 Feb Pension Funding Legislation Re-Introduced into the 116th Congress: TAKE ACTION!

Posted at 14:31h in Legislative News, Pension, Retirees Corner, Take Action by

It is vital that Congress address the nation’s growing pension funding crisis.

The BCTGM has been a leader in the effort to secure federal legislation to address the country’s growing pension funding crisis — which affects virtually every BCTGM member with a collectively bargained pension.  Last year, the BCTGM worked extremely hard in support of legislation that strengthens pension plans and avoids retiree benefit reductions through long-term, low-interest loans.

While enormous progress was made, Congress did not pass the legislation last.

On January 3, the new 116th Congress convened. Within a few days, Congressman Richard Neal (D-MA), Chairman of the powerful House Ways and Means Committee, re-introduced pension funding legislation which includes all measures supported by the BCTGM last year. The legislation, the Rehabilitation for Multiemployer Pensions Act, H.R. 397, is a top priority for the House leadership and for the labor movement.

TAKE ACTION to protect pension benefits – email your U.S. Representatives here!

The BCTGM believes that a legislative solution which provides pension plans with the funding necessary for long-term solvency without forcing trustees to reduce participants’ hard-earned pension benefits is vital.

TAKE ACTION to protect pension benefits – email your U.S. Representatives here!

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