'If I lose my pension, I've lost everything': Coal miners worry about losing pensions

Published: Oct. 16, 2019 at 9:28 PM EDT
Email this link
Share on Pinterest
Share on LinkedIn

Miners' pensions could disappear even faster than originally thought.

West Virginia Senator Joe Manchin joined miners, both working and retired, in Washington Wednesday looking for relief from congress.

They are calling on Senate Majority Leader Mitch McConnell to schedule votes on bills like Manchin's which are designed to save those pensions.

Following news of an Ohio coal company's possible bankruptcy, Manchin and the miners say pension funds could be gone by 2020. They also say congress can not delay help any longer.

"They didn't hesitate to bailout the banks. They didn't hesitate to bailout the auto industry. And all we are saying is can we at least protect the people who made America – the workers," said Manchin.

"If I lose my pension, I've lost everything I've worked for 35 years. Cause I'm not going to be able to keep a house, keep the taxes paid keep upkeep on the house so I got to sell everything I've worked for," said retired West Virginia miner Rick Ryan.

Manchin says miners also have to worry about losing access to health insurance for them and their families.

His bill would help keep pensions financially afloat through low-interest loans from the Treasury Department.

In a statement, a Senator McConnell spokesperson said the senator is worried about the problems facing pension plans and supports finding a bipartisan solution.

Latest News

Latest News