RETIRED UNION WORKERS OF AMERICA
This website went on line February 2014 in hopes of saving 10 million retirees and future retirees retirements. On December 16, 2014 President Obama signed the 2015 Omnibus spending bill, which had a new law entitled " Multi-employer Pension Reform Act of 2014". This new law will allow the trustees of Multi-employer pensions plans to "CUT" retirees benefits up to 65%.
The Union Presidents of 16 Unions, the President of the Building and Trades and the AFL-CIO, were fully aware of the "CUTS" for retirees. Also All of the chapters of the Alliance for Retired Americans played dumb and kept their mouths shut . Both Union Presidents and the AGC were actively seeking the " CUTS" for retirees. The deal to " SELLOUT " the retirees was done in secret over 4 years ago. Union presidents never told their members what was at stake.
After 9 years in 2021 we finally got some Pension relief. The Butch Lewis Act was passed with $86 Billion towards 1100 union retirement plans. No construction unions stood up for their union members. The Teamsters and 3 other unions plus the Pension Rights Center did all the work for 9 years. The Pension problem is still not fixed for the future, look at the PBGC premium rate for employers.
Below is the official government page from the Dept of Labor .
Protecting Pensions for America's Workers
Click here -
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