Retirement Security Coalition: It’s Urgent That Congress Gets to Work on Multiemployer Pension Crisis

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Washington, D.C. – The Retirement Security Coalition today issued the below statement following the State of the Union Address:

“During President Trump’s State of the Union address, and in the rebuttals from Governor Whitmer and Representative Escobar that followed, Americans heard messages focused on the needs of blue-collar workers and families. However, we have now entered yet another year without a solution to the multiemployer pension crisis that is keeping millions of retirees and hard-working Americans up at night. They are worried about losing everything they have earned. Their retirement futures seem increasingly out of reach.

“While relief was provided to the miners at the end of last year, there are still more than 10 million American truck drivers, construction workers, and musicians that are running out of money through no fault of their own. Now more than ever, they are urging the President and Congress to work together to reach a long-lasting, bipartisan agreement because time is running out.

“Voters around the country agree: Congress cannot afford to wait, and there is no reason why they should. It’s urgent Congress gets to work.”

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About the Retirement Security Coalition:

Comprised of a diverse group of employers, labor unions, and policy experts dedicated to finding a common-ground solution to the multiemployer pension crisis, the Retirement Security Coalition is urging a bipartisan compromise to reinvigorate the multiemployer pension plan system in America. To learn more about the coalition’s efforts to protect millions of Americans’ hard-earned retirement futures, please visit www.RetirementSecurityCoalition.com.