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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe lame-duck Congress plots to undermine retiree pensions
X post in Labor & Socialist-Progressive
http://www.latimes.com/business/hiltzik/la-fi-mh-worker-pensions-20141205-column.html
http://www.trbimg.com/img-54824545/turbine/la-fi-mh-worker-pensions-20141205-001/750/750x422
But what's the rush? Rep. George Miller, D-Martinez, who is pressing to conclude a deal on multiemployer pension plan problems before he leaves office this month. (Harry Hamburg / AP)
12-5-14
ssing legislation on a tight deadline--especially a bogus deadline--is invariably a formula for serious mischief. That's what's happening with a proposal to deal with a supposed crisis in worker pensions by allowing trustees to slash the pensions of already-retired workers to shreds.
Members of the House Education and the Workforce Committee are trying to slip the measure into an omnibus spending bill to be passed before Dec. 11, when Congress leaves Washington for its vacation recess. Pension advocates are up in arms, not least because the measure's actual language hasn't been made public. (It's still in negotiation, committee staffers say.) What is known is that it would change four decades of labor law in a way that mostly affects the oldest and most vulnerable workers.
"There's no bill, no legislative language," David Certner, legislative counsel to AARP, told me Friday. "To attach this big a change to a year-end spending bill is outrageous."
What's at issue is the condition of so-called multiemployer pension plans. These are defined benefit pensions in industries comprising lots of relatively small employers. The plans often are sponsored by unions, who share trustee duties with employer representatives.
FULL story at link.
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The lame-duck Congress plots to undermine retiree pensions (Original Post)
Omaha Steve
Dec 2014
OP
elleng
(130,895 posts)1. So the trustees,
including union representatives, haven't been doing their duties. Swell.
Wellstone ruled
(34,661 posts)2. So now these a--holes want to wipe out our
hard earned and negotiated Teamsters Pension funds. Were are you UPS Drivers and Helpers? This hits you folks big time. Talk about a stab in the back for all of the work we have done to get you Dems elected. This is getting damn close to the one that breaks the Camel's back. Not pissing forty plus years down the crapper on this. Were do we sign up? Nixon messed us up but we came back. This is going to be nasty.
NaturalHigh
(12,778 posts)3. Kick