Protect You Pension Now!
Can you afford to have your pension credits frozen?
November 23, 2005 - A pension bill (H.R. 2830) crafted by House Republican leaders and the Bush administration is moving forward. This dangerous legislation could force GM, Ford, DCX and other companies to freeze all pension credits and/or prohibit benefit improvements.
If pension credits are frozen, workers would not be able to earn more credits. For example, a worker with 15 or 29 years of service would be frozen at that amount of service, no matter how much longer he or she worked and would never qualify for a 30-and-out pension.
If benefit improvements are prohibited, this means your union could not even negotiate to update benefit levels to keep pace with inflation.
It would also outlaw special early retirement benefits that are triggered when there is a plant closing.
While House Republican leaders are attacking the pensions of rank-and-file workers and retirees, they have not done anything to the lucrative pensions earned by Members of Congress. Members of Congress would continue to have their pension credits and benefits increased automatically every year despite the huge federal deficit.
Call your Representative 1-888-355-3588
Tell them to vote against pension bill H.R. 2830 that would freeze pension credits and benefits and eliminate plant closing benefits for American autoworkers and other industrial workers. It's wrong for Congress to freeze pension credits for rank-and-file workers while lucrative pensions for Members of Congress are continuing to increase automatically every year!
Read more below:
AFL-CIO Issues Action Alert On Pension Protection Act
November 9, 2005 - Read the letter to the House Ways And Means Committee here.
http://www.aflcio.org/issues/legislativealert/alerts/upload/PensionProtectionAct.pdf
