Sen. Heitkamp Announces Bipartisan Senate-House Committee to Solve Pension Crisis by Year’s End
Heitkamp helped secured the creation of the Committee as part of the overall budget compromise that
For years, Heitkamp has been working with workers and retirees across
"These workers and retirees across
"Those of us impacted by these pensions cuts don't deserve the futures in store for us," said
In November, Heitkamp announced the Butch Lewis Act - which she helped write and introduce -- during a rally in
* Provide financing to put failing pension plans back on solid ground to ensure they can meet their commitments to retirees today and workers for decades to come.
* Prevent a single dollar of cuts to benefits retirees have earned.
* Put safeguards in place so pension plans remain strong so they will be there for today's workers when they retire.
Specifically, the bill would allow the
If the Central States Pension Plan and other pension plans are allowed to fail, not only will employers no longer be able to pay promised benefits, but taxpayers would be at risk of having to pay billions when the
Background
Heitkamp has been working with the
In 2016, those workers and retirees faced pension cuts of up to 60 percent under a plan to restructure the multiemployer pension plan, which is no longer solvent. After pressure from Heitkamp and workers across the country,
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