April Update from SOAR Director Julie Stein

Take Action to Protect Our Pensions

Because of a perfect storm of the Great Recession, changing industries, failed trade policies that have caused significant manufacturing job loss, and other factors outside of our control, the security of some multiemployer pension plans are at risk of going insolvent unless Congress takes action.

We know that a pension provides security to retirees after decades of hard work. A pension oftentimes makes it possible for us to care for an ill or aging spouse, or a disabled child or grandchild.

Congress has an opportunity to  take swift action to protect more than one million Americans who are at risk of losing their pensions. Our union supports H.R. 397, the Rehabilitation for Multiemployer Pensions Act. This legislation would extend long- term loans to financially troubled pension plans, granting security to pensioners.

We need to push our lawmakers to take action. Please write your Representative, and urge them to support H.R. 397. You can submit your letter using a tool we have made available on our union’s Rapid Response website, which can be found at www.uswrr.org or go to http://usw.to/Pensions.