It's outrageous and flat-out wrong that more than 22,000 Central States retirees in Minnesota, and numerous Minnesotans in other underfunded pension plans, could face a significant loss if the multiemployer pension system is allowed to fail.
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Today I joined Save Our Pensions and
@Teamsters120 in Blaine to give them an update on my work in Washington. I'm a cosponsor of@SenSherrodBrown's Butch Lewis Act, which would provide loans to troubled pension funds like Central States.pic.twitter.com/IQrcyb3AiU
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And I sit on the bipartisan select committee on the pensions crisis, where I'm working to find solutions so Minnesota retirees, like the ones I met today, don't have the rug pulled out from under them. https://www.facebook.com/576525459360552/posts/655141518165612/ …
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If the pension is "underfunded," somebody DIDN'T pay into it. It's a very rare pension that fails to pay out the expected future value of what pensioners actually paid into it. Promises of third-party payments are dicey to keep.
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That isn’t necessarily true. When the union is weakened and the numbers paying into it are reduced, the pension becomes underfunded.
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TRUMP IS TO BLAME....
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You Another law to save your job you can fool some of the people some of the time some of the people most of the time but just enough at election time.
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