Late last year, more than one hundred thousand retired truck drivers, dock workers, office workers, and others began receiving letters telling them that their pensions would be cut by as much as 70 percent – due to a law called the Multiemployer Pension Reform Act of 2014.
Early next month, the U.S. Treasury Department is expected to announce whether it will approve these cuts, and retirees from across the country are organizing to bring attention to this critical retirement security crisis. They have held actions all over the country to protest these unfair and unprecedented pension cuts. And this Thursday, April 14th, thousands of these retirees and their families will be rallying here in Washington, D.C. on the West Lawn of the U.S. Capitol.
Please, stand on the side of retirees who could see severe cuts from the Central States Pension Fund and the many more who could be impacted by this disastrous law. Call on the Treasury Department to reject pension cuts, which for many range from 40 to 70 percent.
The time to stop these drastic pension cuts is now. These retirees did everything right. They worked hard, played by the rules, made sacrifices – and they simply do not deserve to have their pensions cut. If allowed, these cuts would set a dangerous precedent for possible cuts to other multiemployer pension plans, state and local pension plans, corporate pension plans, and even Social Security.
Please, stand in solidarity with the retirees who are rallying in Washington, D.C. on April 14th and the hundreds of thousands more who could be negatively impacted by these severe pension cuts. Sign the petition calling on the U.S. Treasury Department to reject the cuts proposed by the Central States Pension Fund.
Executive Vice President and Policy Director