A bipartisan Congressional group from the Ohio Valley and beyond introduced a new bill to save pensions for retired union coal miners throughout the region.
The American Miners Pension Act, or AMP, would secure pensions for about 43,000 miners in Kentucky, Ohio and West Virginia whose retirement benefits have been undermined by the decline of the coal industry.
West Virginia Democratic Senator Joe Manchin said Congress acted to protect miners health benefits last year but pensions got kicked down the road.
And every day that it goes without settling our pension problems its another day this will cost more, Manchin said.
Without Congressional action, the United Mine Workers pension plan could become insolvent in about five years…
Read the full article at: http://ohiovalleyresource.org/2017/10/04/bipartisan-bill-prop-coal-miners-pensions/