Via Western Kentucky University
By Becca Schimmel
United Mine Workers and supporters were on Capitol Hill Wednesday in an effort to shore up their pension and health benefits. More than 43,000 coal miners in Kentucky, Ohio and West Virginia are growing anxious about losing their retirement benefits.
The coal miner’s union says its pension fund will be insolvent in three years if Congress doesn’t take action. If the pension plan defaults, coal miner’s retirement plans will fall to the Pension Benefit Guaranty Corporation, which will reduce their benefits. It would also put the PBGC at risk of insolvency.