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Intl Vice President John Murphy Speaks At Pension Protection Press Conference

International Vice President John Murphy participated in a press conference on June 18 to announce the union’s support for new legislation that will protect earned pension benefits for retirees and boost multi-employer pension plans for workers and participating employers. The “Keep our Pension Promises Act,” sponsored by Sen. Bernie Sanders (I-Vt.) and Rep. Marcy Kaptur (D-Ohio), will roll back provisions slipped into the fiscal 2015 spending bill approved by Congress last year that made earned pensions benefits vulnerable to cuts. The measure would restore anti-cutback rules so that recipients in financially troubled multi-employer pension plans will be protected from having their benefits cut.