President Obama has sold out unions’ pensions when he signed a must pass omnibus bill, which has the Kline-Miller Multiemployer Pension Reform Act of 2014. The bill strikes down an enshrined American ideal that money earned for a pension can’t be pulled out from under our feet like a rug once we retire. That promise, once codified in law, was upended by the passage of this reform act.
This act will effect some 400,000 participants by cutting benefits for some retirees now, some up to 60 percent. This is the central state pension funds, which is predicted to be insolvent in 10 years and this fund is the canary in the mineshaft as similar multiemployer pension funds are now at risk.
If these funds go bust, mortgages won’t be paid, prescriptions won’t be filled, utility bills and groceries will be a regular hardship. Senate GOP leader Mitch McConnell hates unions so there will be no hope there, and Hillary Clinton is no fan of unions either. This just leaves Bernie Sanders and no one is talking about this, which could affect millions of retirees.
This could take down the multiemployer arms of the pension benefit guaranty corporation, the federal government, which is the pension insurance program and that fund is also in trouble. So, does this mean people on pensions will lose all their supportive means? This very well could be and they should hope their children have a good job and room for their parents to move in. If their children are living in their parents’ home, then the whole family is in for a life in the streets. Is this the way we are going to reward our workers?
Last year, Sanders introduced legislation to repeal the Kline-Miller Multiemployer Pension Reform Act of 2014, along with Rep. Marcy Kaptur, D-Ohio. They brought forth the Keep Our Pension Promises Act of 2015, which would prohibit trustees of multiemployer pension plans from reducing retirees’ monthly benefits.
It is anti-worker legislation like this that makes voting so very important.
Yes, they are coming for us. Workers need to have one another’s backs because no one else will. Neither the broader labor movement nor the Democratic party are prepared to meet the urgency of this moment. So it’s going to fall upon the rest of us to mount a real resistance against Trump’s authoritarian takeover. We’re going to have to get our hands dirty. I don’t care if you have a good, well-paying union job and you are in the middle class now—if you see a worker being dragged out of his workplace regardless of how skilled the job and potentially taken to another country, you should be ready to be there for that worker. When I.C.E. shows up, gather around and shame them into leaving. It has worked in other places. America is sleep walking into authoritarianism, and if there’s anyone out there who is a member of a labor union that is safe—at this point— and doesn’t think this applies to them. Understand that they just haven’t gotten to you yet. They’re coming for all of us. There are ...
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