Thursday, March 7, 2013

New Bill Aims to Protect the Benefits of Retired Miners

CHARLESTON, W.Va. -- Some of West Virginia’s congressional delegates are looking to protect the benefits and pensions of retired mine workers and their families.

U.S. Senators Jay Rockefeller and Joe Manchin, both D-W.Va., along with U.S. Rep. Nick Rahall, D-W.Va., introduced a bill called the Coalfield Accountability and Retired Employee Act (CARE).

The bill would dramatically change where pension money comes from, keeping retired workers and their families financially stable.

The CARE act would also help retirees who lose benefits because of a bankruptcy, like in Patriot Coal’s case, by allowing them to be eligible for a different benefit plan.