Millions of Americans could be about to lose the pensions they rightfully earned through years of hard work if Senate Republicans have their way.
Despite the fact that lawmakers receive taxpayer-funded pensions after they leave office, Senate Republicans refuse to bring up the Butch Lewis Act for a vote.
Passed overwhelmingly in a bipartisan House vote, the bill would give the green light to the Treasury to provide loans to save 150 pension plans that are struggling to make payouts to retirees and their families.
Up to 1.3 million Americans could lose their pensions if Senate Republicans don’t step up, but the bill is just gathering dust on Senate Majority Leader Mitch McConnell’s (R-Ky.) desk. It’s just another victim of his “legislative graveyard” that includes hundreds of pieces of legislation that would help the American people right now.
But it’s not just retirees and widows who fear losing these pensions. Workers are reconsidering retirement because they don’t want to risk not having some kind of income during their golden years.
They would lose 98 percent of the pension money they earned if the plans collapse. The Butch Lewis Act ensures these pensioners receive every last penny.
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