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Heidi Heitkamp: Pension protections need to be in new spending bill

Sen. Heidi Heitkamp stated Tuesday that the problem of pensions will have to be in the overall spending bill lawmakers need to cross via Feb. eight to stay the federal government funded.

“When you look at rural issues and the industrial Midwest, which feel particularly left behind, this issue of pensions is critical. We’ve got to fix it,” Ms. Heitkamp, North Dakota Democrat, stated on CNN.

“We want this in the final passage of the bill that’s going to basically fund government,” she added.

Ms. Heitkamp helps the Butch Lewis Act backed via Sen. Sherrod Brown, Ohio Democrat, which might offer protection to employer-sponsored pensions for staff. A 2014 spending bill signed via former President Barack Obama integrated language to minimize pensions via up to 30 % or extra if the corporate used to be in monetary hassle. Some retirees have already noticed cuts to their pensions.

“That’s why it’s important for people like us to say, look, there are other issues that affect families. These are families that would be devastated by this level of [a] cut in their pension,” Ms. Heitkamp stated.

Democrats driven for a stand-alone vote in this bill prior to the Christmas recess, however they had been unsuccessful. 


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