Teamsters pin hopes on legislation to save pension
Sen.
Heitkamp called the potential 20 percent to as much as 80 percent declines in pensions an "injustice."
"This has to get fixed," she said.
A
"You did the smart thing," Heitkamp said.
But things changed, and despite the bailout of
Driving in
"He worked hard and earned his pension. He also gave up a great deal to be able to do his job. He missed out on many of our kids' basketball and soccer games because he worked so much," she said.
Then, in 2013, Mattson's husband was diagnosed with progressive supranuclear palsy, requiring physical, speech and occupational therapies, as well as in-home nursing, which Mattson said can cost
Retirement in
Before his 30-year career as a
"It's a constant stress on my wife and me, especially since I have arthritis, wear braces on both ankles and have three stents after a recent heart attack, which can be expensive to manage," Odegaard said of the pension fund's uncertainty.
At age 72 and with his health problems, he doesn't think he'd be able to find another job to support he and his wife. They could be forced to sell their home and rely on government assistance.
"I've had five back surgeries and other rotator cuff surgeries, which forced me to retire early," said Rothschiller, adding that many of his health issues resulted from the labor intensive nature of his job.
His doctor told him he can't work anymore and, rather than traveling with his wife and grandkids as they had planned, he has to worry about how to cover the medical bills, he said.
"Disability and
Call for solvency
The Butch Lewis Act would implement the sale of
Heitkamp said the legislation, which she and the other co-sponsors hope to attach to a larger spending bill or other end-of-year legislation, would help this and other pension funds into the future.
"It's going to require an influx in cash," she said.
The legislation has the support of the
"We need to have a few
Heitkamp said she thinks the 48-member
There are more than 1,000 retired
Reach
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