GOP Congress Wants to Cut Pensions

Tell Congress to Make Your Pension Vote Count

Right now some retirees across the country are facing enormous cuts to the benefits they earned through years of loyalty and service to their employers. Congress caused this problem last December by rolling back a decades old provision preventing cuts to promised retiree benefits. To make matters even worse, Congress allows retirees to vote on the cuts but any ballot that goes unreturned is counted as in favor of the cuts, and even if the beneficiaries vote against the cuts, the Treasury still has the right to require cuts to pension benefits. 

Legislation sponsored by Senator Rob Portman and Representatives David Joyce and Tim Ryan, the Pension Accountability Act (S. 2147/H.R. 4029), will give plan participants a meaningful voice when plans are considering making cuts. The legislation requires a majority, binding vote from plan participants before any cuts may be made and only returned ballots will be counted in the vote total.

In addition to the Pension Accountability Act, the Teamsters Union continues to support S. 1631/ H.R. 2844, the Keep Our Pension Promises Act (KOPPA). KOPPA would protect workers and retirees from cuts to their earned retirement benefits. The legislation would restore anti-cutback rules so that retirees in financially troubled multi-employer pension plans would be protected from having their earned benefits cut.

We want to ensure that our nation’s retirees will have a voice when it comes to cuts in benefits that were earned over a lifetime of service. We urge you to email your Senators and Representative to ask them to sign onto S. 2147/ H.R. 4029, the Pension Accountability Act.

Rep. Ted Lieu

District: FH-CA33

Phone:(202) 225-3976

Fax:(202) 225-4099

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Sen. Dianne Feinstein

Phone:(202) 224-3841

Fax:(202) 228-3954

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Thank You for Taking Action

Sen. Barbara Boxer

Phone:(202) 224-3553

Fax:(202) 224-0454