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Biden’s COVID-19 Bill Championed As A Boon For Failing Ohio Valley Pensions
By: Liam Niemeyer | Ohio Valley ReSource
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MURRAY, Ky. (OVR) — Major unions and one of their leading allies in the U.S. Senate are hailing tens of billions of dollars allocated for shoring up struggling union pension funds. The funding added to President Joe Biden’s $1.9 trillion COVID relief bill, dubbed the Butch-Lewis Act, would provide $86 billion to dozens of failing… Read More
Black Lung Trust Fund Likely Burdened by Murray Bankruptcy
By: Sydney Boles | Ohio Valley ReSource
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The recent bankruptcy of Murray Energy is likely to significantly increase the debt of a struggling federal trust fund that supports disabled miners’ health care expenses. According to court filings, Murray Energy could be responsible for as much as $155 million under the Black Lung Act and general workers’ compensation, but testimony from the Government Accountability… Read More
Retired Miners Rally Over Pensions in Washington
By: Associated Press
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LOUISVILLE, Ky. (AP) – Dozens of retired coal miners visited lawmakers in Washington to call for legislative action to preserve the pensions of about 87,000 retirees and another 20,000 working miners. United Mine Workers of America President Cecil Roberts says the 2008 recession and mining company bankruptcies have endangered the miner’s pension plan, established in… Read More