Name: Democrats' COVID-19 Relief Plan Could Save The Pensions Of 1 Million People
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Democrats' COVID-19 Relief Plan Could Save The Pensions Of 1 Million People

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×U.S. EditionPart of HuffPost Politics. ©2022 BuzzFeed, Inc. All rights reserved.×AdvertisementAdvertisement“It will be like lifting an albatross off more than a million people, most of whom are senior citizens.”- John Murphy, Teamsters unionThe idea of bailing out pension funds through the coronavirus relief package will certainly draw criticism from Republicans. In a held Wednesday by the House Ways and Means Committee, Rep. Kevin Hern (Okla.) said the proposal doesn’t belong in a bill addressing stimulus payments, unemployment benefits and vaccination efforts.“I don’t see how a blank check to unions will defeat the virus and reopen the economy,” Hern said. “I wish Republicans had been consulted on this bill.”AdvertisementBut Rep. Danny Davis (D-Ill.) countered that protecting pensions has everything to do with fortifying the economy.“Pensions are part of the security and protection we need as we grow older and retire from the world of work,” Davis said. Including the legislation in the relief package “would give assurances to thousands of retirees that their pension is safe and secure,” he added. Democrats in the House a multiemployer pension bill with some Republican support in 2019 and have been crafting a version they believe complies with the rules of budget reconciliation. The legislation’s main backers include Rep. Bobby Scott, chairman of the House Committee on Education and Labor, and Rep. Richard Neal (Mass.), the Ways and Means chair. Advertisement“We can protect retirees’ hard-earned pensions and spare folks a lot of harm, or we can kick the can further down the road and end up costing the taxpayers far more in the long run,” Scott told HuffPost through a spokesperson.Advertisement“We can protect retirees’ hard-earned pensions and spare folks a lot of harm, or we can kick the can further down the road.”- Rep. Bobby Scott (D-Va.)AdvertisementSuggest a correctionNewsletter Sign UpHuffPost's top politics stories, straight to your inbox.Successfully Subscribed!Realness delivered to your inbox

×U.S. EditionPart of HuffPost Politics. ©2022 BuzzFeed, Inc. All rights reserved.×AdvertisementAdvertisement“It will be like lifting an albatross off more than a million people, most of whom are senior citizens.”- John Murphy, Teamsters unionThe idea of bailing out pension funds through the coronavirus relief package will certainly draw criticism from Republicans. In a held Wednesday by the House Ways and Means Committee, Rep. Kevin Hern (Okla.) said the proposal doesn’t belong in a bill addressing stimulus payments, unemployment benefits and vaccination efforts.“I don’t see how a blank...

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Democrats' COVID-19 Relief Plan Could Save The Pensions Of 1 Million People

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