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Ohio Valley Senators Again Aim to Shore Up Shaky Pension Plan For Coal Miners

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Following a failed attempt to address a looming crisis in many multi-employer pension programs, two Ohio Valley lawmakers have introduced a bill in Congress to shore up the shaky pension plan for coal miners. The bill also aims to protect health benefits and restore funding for the federal trust fund providing benefits for thousands of… Read More

Agency Warns Pension Ruling A ‘Credit Negative’ For Kentucky

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FRANKFORT, Ky. (AP) – A Supreme Court ruling striking down changes to Kentucky’s troubled pension systems has earned a warning from one of the country’s largest credit ratings agencies. Moody’s on Thursday declared the court’s ruling a “credit negative” for Kentucky, saying it delayed reforms to the state’s severely underfunded pension plans that were set… Read More

Kentucky Gov Calls Legislature In Session For Pension Vote

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FRANKFORT, Ky. (AP) – Kentucky’s Republican governor has called the state legislature back in session to consider changes to the state’s troubled public pension system. Gov. Matt Bevin issued a proclamation calling the legislature back in session at 8 p.m. EST Monday. The decision comes four days after the state Supreme Court struck down a… Read More

Pensions At The Polls: Will Concern Over Shaky Plans Show Up On Election Day?

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Thousands of union coal miners and their families gathered this summer in Columbus, Ohio, wielding signs and wearing camouflage United Mine Workers of America shirts. UMWA President Cecil Roberts led the crowd in a call-and-response chant. “I want you to send a loud, clear signal that we are one! We are one!” But the miners… Read More

Pension Problems: Lawmakers Warn Of Economic Fallout From Failing Pensions

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United Mine Workers President Cecil Roberts fired up a crowd of thousands of union workers in Columbus, Ohio, with a simple chant: “Fix it!” The rally last week came on the eve of a Congressional field hearing on problems plaguing multiemployer pension programs like the one retired miners depend upon. “When the people get to… Read More