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http://www.protectseniors.org/
Protect Seniors mission is to pursue a legislative remedy for the court battle won by Corporate America and pass legislation which makes it illegal to take away retiree healthcare benefits from the retirees who EARNED them.
H.R. 1322. The Retiree Health Benefits Protection Act of 2009 was introduced into the 111th Congress on March 5th by Rep. John Tierney (D-MA). The bill was referred to the House Education and Labor Committee.
H.R. 1322 would stop profitable companies from increasing their profits by cutting the hard-earned health benefits of retirees. http://www.house.gov/tierney/bills/HR1322.shtml
Specifically, this legislation will:
Prohibit group health plans from making post-retirement reductions in retiree benefits;
Require plans to adopt provisions barring post-retirement cuts in retiree health benefits;
Require employers to restore benefits reduced after retirement;
Provide an exemption for employers who are unable to restore benefits because they would experience substantial business hardship, as determined by the Secretary of Labor; and,
Create a loan guarantee program to assist employers in restoring retiree health benefits.
This is something that concerns everyone who expects to receive benefits after retirement.
