McKinley Fights for Retired Coal Miners

McKinley Seeks Solution to Troubled UMWA Pension Plan

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Washington, July 31, 2018 | comments
Congressman David B. McKinley, P.E., (WV-1) led a letter to the leadership of the Joint Select Committee on Multi-Employer Pension Plans, urging them to address the looming insolvency of the United Mine Workers of America (UMWA) 1974 Pension Plan. The bipartisan letter was signed by 25 Members of Congress.
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Congressman David B. McKinley, P.E., (WV-1) led a letter to the leadership of the Joint Select Committee on Multi-Employer Pension Plans, urging them to address the looming insolvency of the United Mine Workers of America (UMWA) 1974 Pension Plan. The bipartisan letter was signed by 25 Members of Congress.

“It’s critical that Congress finds a bipartisan solution to the looming multi-employer pension crisis. In particular, we must find a solution for the 105,000 coal miners and retirees covered by the UMWA Pension Plan. These workers put their lives on the line every day to produce the fuel that powered our nation’s economic engine for decades,” said McKinley.

“We can’t kick the can down the road any longer. Let’s come together and pass this legislation so that coal miners and their loved ones have the peace of mind they deserve and know the benefits they earned won’t be threatened,” McKinley added.

“We thank Rep. McKinley for his leadership and all his colleagues who signed this letter,” UMWA International President Cecil E. Roberts said. “The UMWA 1974 Pension Plan is not the only plan in serious trouble and we strongly believe that Congress needs to enact comprehensive legislation that fixes this problem for every retiree. But the UMWA plan is the first that will go insolvent if there is no action taken, and it is critically important for Congress to act now to prevent that from happening.”

Click here to read the letter McKinley organized.

Background
Since 2013, McKinley has been leading the fight in Congress to save the UMWA Pension Plan and protect retired miners’ health care.

• McKinley has introduced the Miners Protection Act every year since 2013. This comprehensive legislation addresses the solvency of the health care benefits for retired miners and the solvency of the UMWA 1974 Pension Plan.
• In May 2017, McKinley secured permanent funding to save the health care benefits for retired miners. As a result, 22,000 retired coal miners and their families were able to maintain their health benefits.
• In October 2017, McKinley introduced the American Miners Pension Act, legislation that would stabilize the UMWA 1974 Pension Plan; protecting the benefits for 105,000 retired coal miners and their families.
• In February 2018, Congress formed the Joint Select Committee on Solvency of Multi-Employer Pension Plans, a committee designated to find a funding solution for the looming multi-employer pension crisis.
• McKinley has been actively advocating with the Committee to find a solution for all of America’s multi-employer pensions; but with emphasis on the UMWA Plan, which faces insolvency in the near future.
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