Donnelly vows to protect Hoosier worker's pensions

Democratic Senator Joe Donnelly is calling for the protection of more than a hundred thousand Hoosier workers and retirees pensions.

Posted: May. 20, 2018 6:38 PM
Updated: May. 21, 2018 9:32 AM

WASHINGTON (WLFI) — Democratic Senator Joe Donnelly is calling for the protection of more than a hundred thousand Hoosier workers and retirees pensions.

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Pensions earned through decades of work are at risk of being lost.

Without congressional action, nearly 150 multiemployer pension plans listed by the U.S. Department of Labor as in "critical or endangered status" could fail.

That could lead to the collapse of the federal pension insurance program, also known as the Pension Benefit Guaranty Corporation.

Donnelly said this could impact thousands of Hoosier Teamsters and mineworkers.

"These are pensions where there's nothing that's been given," Donnelly said. "These were folks who paid in, every week, out of their paycheck. All we're trying to do is protect what they had earned and what they were promised. So, we're fighting for this right now."

Donnelly helped introduce the bipartisan Miners Pension Protection Act.

It would ensure the necessary funds are available to keep the United Mine Workers of America 1974 Pension Plan active.

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