Tell Congress to Urge Action on Critical Pension Legislation
Our nation’s retirees are facing an impending pension crisis. Through no fault of their own, their pensions are being threatened with massive cuts if Congress fails to act. Legislation, entitled the Butch Lewis Act of 2017 (S. 2147/ H.R. 4444), has been introduced to help shore up pension plans that are currently facing insolvency. Take Action! These bills would establish a new agency within the U.S. Treasury Department called the Pension Rehabilitation Administration (PRA). The PRA would sell Treasury-issued bonds in the open market to large investors and then loan the money from these sales to pension plans in financial distress. …