Showing posts with label Retirees. Show all posts
Showing posts with label Retirees. Show all posts

Wednesday, December 18, 2013

Senate Republicans fail to stop military retiree pension cuts...

The Senate voted to keep giving welfare to illegal immigrants instead of paying our military retirees the pension they were promised.
A final effort by Senate Republicans to halt cuts to pensions of military retirees failed late Tuesday, after Democrats blocked an amendment to the controversial budget bill.
The two-year budget agreement, which cleared a key test vote earlier in the day, was expected to get a final vote no later than Wednesday.
Ahead of the final vote, Sen. Jeff Sessions, R-Ala., tried unsuccessfully to use a parliamentary tactic to force a vote on the amendment, which he wrote to undo the cuts for military retirees.
A provision in the already House-passed bill would cut retirement benefits for military retirees by $6 billion over 10 years.
Sessions wanted to instead eliminate an estimated $4.2 billion in annual spending by reining in an IRS credit that illegal immigrants have claimed.[...]
Sessions’ office claimed the vote Tuesday to block the amendment was a vote to "cut military pensions instead of cutting welfare for illegal immigrants."

Monday, June 18, 2012

GM hoses non-union retirees...



As if we needed another reason to not buy GM products...

Via NLPC:
The president of the GM Retirees Association, Jim Shepherd, sent a scathing letter last week to GM CEO, Dan Akerson. The letter was in response to General Motors' decision to modify pension plans for non-union retirees. Mr. Shepherd stated that the non-union retirees wanted to express their "absolute consternation and disgust" and described the move by GM as not being only unfair but, "it is sheer irresponsibility and greed."
So, on behalf of its many members, I now welcome the GM non-union retirees to the "Hosed by Government Motors Club." As I mentioned when I welcomed Canadian taxpayers to the club, members of the club include former GM
shareholders and bondholders, widows and other accident and asbestos litigants, owners of "Old" GM vehicles who did not have their vehicles' problems covered by "New" GM, Indian tribes and others who have had their lands polluted by Old GM, Delphi non-union retirees, non-union workers at shuttered GM dealerships and the American taxpayers. The club does not include politically-favored US unionized labor or legal firms enriched by the GM bankruptcy process which were awarded DOE contracts worth million of dollars in addition to the millions they already made in the GM bankruptcy.
You tax dollars are hard at work hosing anyone who isn't union.

Saturday, March 27, 2010

Many Retirees to Lose Private Drug Coverage Due to Obamacare



A key tax break that kept retirees on company prescription-medication plans will mean dumping millions of seniors onto Medicare. Companies will lose large amounts of money this year and be forced to change their benefit plans.

"As a result of this legislation, including the additional tax burden, AT&T will be evaluating prospective changes to the active and retiree health care benefits offered by the company," AT&T said in a filing with the government on Friday

Caterpillar Inc. and Deere & Co. have already announced this bill will cost them $100 million and $150 million respectively.