Turner seeks to make Delphi retiree health coverage permanent [Dayton Daily News, Ohio]
Dec. 7—U.S. Rep.
"We represent working people who have been left without affordable health insurance since
The credit provides refundable tax credits to cover more than 70% of the cost of health insurance premiums for two kinds of workers: those who have been certified to have lost their jobs due to outsourcing, and eligible retirees whose pensions have been taken over by the PBGC, Turner's office said.
The PBGC took over the pensions of
Most
"Since its inception in 2002, this program has been reauthorized seven times — providing much-needed benefits to workers in such positions," Turner and Golden also said. "These people worked hard their whole lives and don't deserve the uncertainty and stress of relying on a program that could expire every year or two. That's why we must ensure that a permanent reauthorization is included in any end-of-year tax extenders legislation."
Also signing the letter to Speaker
The letter text can be found here.
In July, the House approved the Susan Muffley Act in a bipartisan 254-to-175 vote. That bill, which would have restored the salaried retirees' full pensions, stalled in the
Turner's office said he is now working with colleagues in a bipartisan, bicameral effort to have
There is cautious optimism that the bill will still go forward.
"Our 13 1/2 -year battle is hopefully coming to a successful conclusion in a few weeks," Rose told the
___
(c)2022 the Dayton Daily News (Dayton, Ohio)
Visit the Dayton Daily News (Dayton, Ohio) at www.daytondailynews.com
Distributed by Tribune Content Agency, LLC.
Nebraska hospitals say it's getting harder to get insurers to pay them
Veterinary eye care market size is estimated to grow by USD 788.78 million from 2021 to 2026, Market is driven by rising pet ownership- Technavio
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News