Pension plans have become one of the more prominent political issues in recent years, as Democrats seek to provide decades worth of funding, while Republicans wish to move on from the issue without action.
International Brotherhood of Teamsters Vice President at Large John Murphy discussed pension solvency and the various plans to fix the issue on America’s Work Force Union Podcast.
Murphy said pension relief was on its way after passing the House of Representatives in 2019. However, the bill did not get a hearing, debate or Senate vote on Majority Leader Mitch McConnell.
Murphy then said Democrats switched their strategy to obtain pension relief.
Democrats decided to attach the Butch-Lewis Emergency Pension Plan Relief Act of 2021 onto the current COVID-19 relief bill. Murphy said the bill will keep pensions solvent for the next 30 years.
The entire COVID-19 relief bill, including the pension attachment is expected to get a full House vote on Feb. 26, according to House Majority Leader Steny Hoyer (D-MD).
While the bill is expected to sail through the House, it will face questions in the Senate. The Democrats need all 50 of their Senators to vote in favor of all sections of the bill in order to give Vice President Harris the chance to break the tie. This is with the expectation that all republicans will vote against the bill and attempt to slow its progress in any way imaginable.
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