Senator Clair McCaskill is joining West Virginia Senators Democrat Joe Manchin and Republican Shelley Moore Capito to earn enough votes in the Senate to pay for union incompetencies in managing the coal miner’s pension.
A press release on Thursday, October 5, 2017, noted that McCaskill wants US taxpayers to cover coal miners’ insolvent pension plans:
After Helping Obama Kill Off Coal – Democrats McCaskill and Manchin Want Taxpayers to Cover Miners’ Insolvent Pension Plans
A press release on Thursday, October 5, 2017, noted that McCaskill wants US taxpayers to cover coal miners’ insolvent pension plans:
WASHINGTON – U.S. Senator Claire McCaskill is again joining West Virginia Senators Democrat Joe Manchin and Republican Shelley Moore Capito in a bipartisan effort to permanently protect the pensions promised to tens-of-thousands of miners and their widows, including more than 600 in Missouri.
“Hardworking folks across Missouri and this country were made a promise that if they worked hard and played by the rules, their decades of hard work would earn them a stable pension,” McCaskill said. “If Congress can’t uphold this promise for the hard working folks who helped power this county—putting their own health and safety on the line—then shame on Congress, because fixing this and keeping our word is the right thing to do.”
Currently, the 1974 United Mine Workers of America Pension Plan is on the road to insolvency. The Senators’ American Miners Pension Act will shore up that pension plan to make sure that nearly 87,000 retired miners receiving pensions, as well as another 20,000 who are vested, won’t lose the pensions they have paid into for decades. There are 648 Missouri pensioners who are at risk.
“Hardworking folks across Missouri and this country were made a promise that if they worked hard and played by the rules, their decades of hard work would earn them a stable pension,” McCaskill said. “If Congress can’t uphold this promise for the hard working folks who helped power this county—putting their own health and safety on the line—then shame on Congress, because fixing this and keeping our word is the right thing to do.”
Currently, the 1974 United Mine Workers of America Pension Plan is on the road to insolvency. The Senators’ American Miners Pension Act will shore up that pension plan to make sure that nearly 87,000 retired miners receiving pensions, as well as another 20,000 who are vested, won’t lose the pensions they have paid into for decades. There are 648 Missouri pensioners who are at risk.
After Helping Obama Kill Off Coal – Democrats McCaskill and Manchin Want Taxpayers to Cover Miners’ Insolvent Pension Plans