Skip to main content

GOP-DNC After Our Pensions

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Union or Project 2025

We have an election in two months, where the hell are the building Trade Unions? Members and organizers should be touting their wages, benefits and seeking out new members and union shops. So far, I’m only hearing crickets. While the Trade Unions sit back, the UAW have been striking and winning big benefits for their members. Then there is the Teamsters, who have taken on the Holy Grail—Amazon, the corporation. Again, just crickets from the Trade Unions. Then there is the Minnesota State model—-we can win more together than we can on our own. So why are all unions not working together? Why are all unions not talking with each other? There are two months left until the election—an election that could conceivably be the death null of unions. If we lose this election to the GOP, Trump and Project 2025, our unions will be destroyed and we’ll be back to the days of trying to make ends meet as the GOP will cut our wages, benefits will be eliminated and there will be nothing we can do abou...
Post a Comment
Read more

David vs Goliath

Labor’s war is a David vs Goliath fight, but sometimes Goliath wins the battle but ultimately David will win the war, and here is one way it can be done in rural areas. Small towns that sit 40 to 50 miles away from larger cities have power for the low-wage workers have power for the low wage workers have nothing to lose for they have nothing, so they can and should use that nothing, which is a power, for better working conditions, such as good wages, regular working hours, healthcare—maybe even childcare. Employees can withhold their labor or just move. Businesses don’t have that option. So, labor in small towns should stand together for a good minimum wage and benefits. Wages should be $26 per hour. Given the income corporations are raking in today, they can well afford to pay their employees better. Healthcare workers, food workers, house keeping and any worker in town can join the town union (as the UAW has shown) and the unions could be the ones to join: fire, police and country ...
Post a Comment
Read more

Set Aside Grievances and Vote Blue

International Brotherhood of Teamsters are following the United Auto Workers in making history with the groundbreaking joint employer decision against Amazon. Now, the Longshoremen have gotten a groundbreaking contract, as well. This is very telling on what labor can do if they all pull together. These are some of the best deals in the last 30 years. However, all can be lost in the next election if our members vote for the wrong candidate. It is not hyperbole, but history, to say Republicans hate unions. This election, all must set aside some of the “piss me off” things and vote for the people who will stand up for unions and the working people, union or nonunion. The richest 1 percent have half of the worlds wealth while the rest of us only have 0.75 percent. Since 2020, this 1 percent have taken 63 percent of all the wealth. In the U.S., 800 billionaires have more than half of the nation’s wealth while the bottom half of our families have 2.5 percent. Do you think these rich peop...
Post a Comment
Read more