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.

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.

Article Comments

West Lafayette
Overcast
35° wxIcon
Hi: 39° Lo: 26°
Feels Like: 31°
Kokomo
Overcast
36° wxIcon
Hi: 39° Lo: 28°
Feels Like: 36°
Rensselaer
Overcast
32° wxIcon
Hi: 37° Lo: 26°
Feels Like: 27°
Fowler
Overcast
32° wxIcon
Hi: 38° Lo: 25°
Feels Like: 27°
Williamsport
Overcast
33° wxIcon
Hi: 38° Lo: 26°
Feels Like: 33°
Crawfordsville
Overcast
34° wxIcon
Hi: 38° Lo: 26°
Feels Like: 29°
Frankfort
Overcast
38° wxIcon
Hi: 38° Lo: 27°
Feels Like: 38°
Delphi
Overcast
34° wxIcon
Hi: 39° Lo: 27°
Feels Like: 34°
Monticello
Overcast
34° wxIcon
Hi: 38° Lo: 27°
Feels Like: 34°
Logansport
Overcast
34° wxIcon
Hi: 37° Lo: 27°
Feels Like: 34°
Cloudy and cold start to work week.
WLFI Radar
WLFI Temps
WLFI Planner

Community Events