UPDATE: Coal miners in Washington to lobby for protected pensions
Retired miners from the Coalfields have converged on Washington to lobby for a bill that will protect pensions in cases of coal companies filing for bankruptcy. Senator Joe Manchin of West Virginia who introduced the American Miners Act earlier this year says other pensions for other organizations including teamsters and auto workers are also in jeopardy of failing within a few years.
“The miner pension fund alone, a critical plan which covers 82,000 miners and 20,000 full vested current workers, is projected to become insolvent by 2022,” Manchin said.
(Sen. J. Manchin III / Facebook)