Obama Signs Bill into Law Cutting Retirees Pensions (Congress, premium, parties)

[Taratova]

All those retired people collecting pensions are now in jeopardy in having their pension amounts cut.

Those old people who are now collecting their pensions will see pensions cut because of the Omnibus bill passed .

Obama does not like old people.

Summary of the pension cutback provisions in the Omnibus spending law | Pension Rights Center

This is the calculator is see what your cut of your pension will be.

Multiemployer Retiree Cutback Calculator | Pension Rights Center

It is bad enough that the retirees are getting no interest on their savings, now this.

[Kreutz]

Democrats are the party of (screwing over) the working class.

[HappyTexan]

Well they have been underfunded for decades and the PBGC annual report to Congress has stated this as well.
What did they do...why kick the can down the road.

So now people have to pay and it's going to be the retirees getting cuts in pensions they've been getting for years.

I hope the folks that think the government will watch over you and make sure all is well have read this.
The government ignored this for decades..upping the premium on employers would go against all the government stands for.
Cutting individual pensions seems to be the answer.

[GregW]

Another great reason to trust the private sector with your pension. In a booming stock market these thieves are crying about being broke? Just another scam to keep the dividends with the investors instead of wasting the money on retired working folks.

BTY - was this POS put into the bill by a Democrat?

[pknopp]

This was a very bi-partisan bill. It does not pass without a lot of support from both parties......but go ahead and argue which party was only 40% responsible with the other 60%.

[Finn_Jarber]

Originally Posted by Taratova

All those retired people collecting pensions are now in jeopardy in having their pension amounts cut.

Those old people who are now collecting their pensions will see pensions cut because of the Omnibus bill passed .

Obama does not like old people.

If you don't like it, you should find out who added that to the bill, and protest.

Who do you think it was?

I'll help, it was reps George Miller (D–CA) and John Kline (R–MN).

[pknopp]

Originally Posted by Finn_Jarber

If you don't like it, you should find out who added that to the bill, and protest.

Who do you think it was?

No single person can get something like this passed. It was a large joint effort.

[Taratova]

Originally Posted by pknopp

This was a very bi-partisan bill. It does not pass without a lot of support from both parties......but go ahead and argue which party was only 40% responsible with the other 60%.

The bill was obscure just like Obamacare. Pushed through . Nothing is set today. Social Security , anyone's pension or anything that people thought was there for them financially. We are no longer in control. The government is in control. Working people get the tax bill, yet anything is on the table as far as cuts to the workers personally.

If you pay into a fund, you will be lucky to get what is promised to you.

[Finn_Jarber]

Originally Posted by pknopp

No single person can get something like this passed. It was a large joint effort.

Correct, it was two: George Miller (D–CA) and John Kline (R–MN).

As for passing the law, there was no choice, pass the 4000 page bill, or shut down the government. The reps had two days to read the bill, which is humanely impossible, so they had to vote for whatever was in the bill, or close shop.

[Taratova]

Originally Posted by Finn_Jarber

Correct, it was two: George Miller (D–CA) and John Kline (R–MN)

It was passed. That is what we should be looking at.

Many retirees worked for that benefit and paid in and that benefit could be cut as much as 60%. Is this all about democrat and republican. no!.. Obama could have vetoed the bill and put an end to it but he doesn't care much for old people.. that is apparent.
Is Obama cutting food stamps, or welfare by 60%?