7061 East Pleasant Valley Road, Independence, Ohio 44131 • (216) 241-2630 / Fax: (216) 241-6516

Membership
Benefits
News and Issues
Departments
Information
Secretary-Treasurer
Merchandise
Communications
FELA
Events
Links
User Info

Tell Your Member of Congress to Co- Sponsor the Butch Lewis Act

INDEPENDENCE, Ohio, May 2 — Teamsters General President James P. Hoffa is asking all fellow Teamsters to do their part to help protect pensions in America. The multiemployer pension system has for many decades been an essential foundation for providing financial security in retirement for millions of Americans and their families. Now, through no fault of the beneficiaries, the earned pension benefits of millions of retirees are being threatened due to the impending financial insolvency of a number of multiemployer plans.

To make matters worse, the government agency that insures a portion of these pensions, the Pension Benefit Guaranty Corporation, is likely to simultaneously become insolvent as well. Legislation proposed by Sen. Sherrod Brown, S. 2147, and Rep. Richard Neal, H.R. 4444, informally known as the Butch Lewis Act, would provide long-term, low interest loans to help shore up these pension funds and allow pension beneficiaries to continue to receive their benefits without cuts. This proposed legislation is the only proposed solution that will provide a path to financial health for troubled pension plans, alleviate pressure on the Pension Benefit Guaranty Corporation, and ensure that retirees and active Teamster members receive all of the benefits that they earned.

BLET President Dennis R. Pierce is requesting all members, families and friends to support their fellow IBT Brothers and Sisters by contacting your member of Congress and urging them to support this legislation. This can be done by calling (888) 979-9806, and asking to speak with the House of Representative member from your Congressional District. Contact info can also be found online.

When you do reach out, ask to speak to the staff member who handles Labor issues, and request that your Representative in Congress or the Senate cosponsor pension improvement bills in the House (H.R. 444) and the Senate (S. 2147), and that they weigh in with Joint Select Committee members to take up and report out the Butch Lewis Act as their final recommendation. When speaking to staff, please be respectful, just as you would if you were personally speaking with your member of Congress.

This pension crisis is not a partisan issue, we need members of both parties to co-sponsor the Butch Lewis Act and support the earned retirement of millions of hard working Americans. The more support the Butch Lewis Act receives, the more likely it is that the Joint Select Committee on Solvency of Multiemployer Pension Plans will take it up and pass it!

Wednesday, May 2, 2018
bentley@ble-t.org

Like us on Facebook at
Facebook.com/BLETNational

Sign up for BLET News Flash Alerts

© 1997-2018 Brotherhood of Locomotive Engineers and Trainmen

 


Decertification Helpline
(216) 694-0240

ND Officers Election Rules

Sign up for BLET
News Flash Alerts

DAILY HEADLINES

AAR reports rail traffic for week ending November 10, 2018
Oil industry pushing North Dakota regulators to loosen oil conditioning rules for rail transport
Amtrak cuts operating losses to lowest level in decades
Amtrak to close Riverside call center, eliminating 550 jobs
APTA: Commuter railroads acquire all radio spectrum for PTC
Report: NJ Transit in home stretch of PTC installation
California high-speed rail authority narrowing down routes through Los Angeles
BNSF turns to hybrid-electric vehicles to “green up” operations
Q&A: Buyouts and Railroad Retirement benefits
RRB: Medicare part B premiums for 2019
Get the latest labor news from the Teamsters

More Headlines