TUI(P&R) unit of United States has demanded the government to safeguard and protect the pension of retirees. Details are given below:
“Stop the ‘Ripoff’ of Pensioners and Retirees: Full pension protection from a fully funded Federal Pension Benefit Guaranty Corporation (PBGC): no loopholes. Stop State reductions in Pensions and benefits such as are occurring in the California Public Employees Retirement System (CalPERS). Elevate the Social Security Administration’s wage/salary “cap” on wage deductions to $1million. Tax on Social Security Administration wage benefits should start at $750,000 and up. Maintain and expand the largely working class federal and state health programs of Medicare and Medicaid. Begin a yearly reduction in Medicare eligibility to full coverage for all.”
Pensioners are in struggle to safeguard and protect their rights. They want to live a decent life for which they have worked for three- four decades.