John Murphy, at-large international vice president and secretary-treasurer of the International Brotherhood of Teamsters Local Union 122 spoke with America’s Work Force on Dec. 19 to discuss the Butch-Lewis Act.
Murphy updated AWF listeners on the status of the Butch-Lewis Act. He said that with the pension debacle that is going on in the United States, it is imperative that the Butch-Lewis Act gets passed to protect people’s retirement and pension plans. Murphy said that without the Butch-Lewis Act, a person’s pension plan could just disappear if their company goes out of business, taking away everything that they had worked towards. The Butch-Lewis Act would ultimately borrow money from the treasury department to pay current retirees their benefits and the money would be generated by sales of extra treasury bonds. Murphy stressed the importance of needing to protect people’s pensions and social security benefits.
Pat Gallagher, with the United Steelworkers and the United Labor Agency also spoke about the pension crisis in the United States. Gallagher talked about the issue of people working their entire lives, building up their pensions, just for their company to go out of business and not be able to pay out the pensions. He also discussed holding presidential forums for the USW in different cities so that the members could sit and listen to issues each candidate are going to take on and see where the members political party preferences are. Gallagher said they do this so that they are able to get a general consensus from the USW as to which candidate they want to back, and then back that candidate.
To listen to this show, click the play button below.