Press Releases
Democratic Leaders Applaud Pension Protection Legislation in Latest COVID-19 Relief PackageChairmen Neal and Scott both introduced similar legislation earlier this Congress
Washington, DC,
February 9, 2021
Today, House Ways and Means Committee Chairman Richard E. Neal (D-MA), House Education and Labor Committee Chairman Robert C. “Bobby” Scott (D-VA), Senate Finance Committee Chairman Ron Wyden (D-OR), and Senate Health, Education, Labor, and Pensions Committee Chair Patty Murray (D-WA) applauded the inclusion of legislation to protect retirees’ pensions in the COVID-19 relief package: “Among its many devastating consequences, COVID-19 has further jeopardized already struggling pension plans and put millions of hard-working Americans at risk of not being able to retire with dignity. Pensions are a promise to workers—that if you work hard now, often in the service of others, you can rely on your deferred wages down the road. Without Congressional action, delivery workers, grocery store workers, and many others on the frontlines of this public health crisis could lose their hard-earned savings and we simply cannot risk that. It is a great relief that this important legislation to protect retirees’ benefits will be included in this urgent package.” ### |