Schumer, King support bill to restore slashed pensions

Posted: Updated:
SEAFORD -

Two Long Island congressmen are pushing a plan to restore pensions for some local union workers who lost them.

"You work 45 years, you work all your life, and all of a sudden they tell you there's no money -- and you don't understand how that could be," says Robert Barna, a Teamster who tells News 12 his pension was recently cut by 33 percent. "I never thought I would live to see where I would be living paycheck to paycheck."

There are two reasons for the cut: the 2008 economic downturn and a decline in active Teamsters Union drivers paying into the pension system.

Sen. Charles Schumer, a Democrat, and Rep. Peter King, a Republican, say they both back a bill that would allow the Treasury Department to issue bonds that can be used to fund the collapsing pensions. The bill is estimated to boost the pensions of 4,500 Long Island families.

"These are middle-income people who broke their backs all their lives, and now they're in the retirement years," King says. "And they're losing their pensions."

He says the pension bill has a good chance of passing if it becomes part of a larger budget bill.

  • Power & PoliticsMore>>

  • Island Vote: Glen Cove mayor faces former mayor in upcoming election

    Island Vote: Glen Cove mayor faces former mayor in upcoming election

    Wednesday, October 16 2019 5:38 PM EDT2019-10-16 21:38:06 GMT
    Island Vote: Glen Cove mayor faces former mayor in upcoming electionIsland Vote: Glen Cove mayor faces former mayor in upcoming election
    Island Vote: Glen Cove mayor faces former mayor in upcoming electionIsland Vote: Glen Cove mayor faces former mayor in upcoming election
    The mayor of Glen Cove is facing a familiar face this upcoming Election Day -- the city's former mayor.
    The mayor of Glen Cove is facing a familiar face this upcoming Election Day -- the city's former mayor.
  • Island Vote: How the impeachment inquiry will affect voter turnout

    Island Vote: How the impeachment inquiry will affect voter turnout

    Tuesday, October 15 2019 5:46 PM EDT2019-10-15 21:46:47 GMT
    Island Vote: How the impeachment inquiry will affect voter turnoutIsland Vote: How the impeachment inquiry will affect voter turnout
    Island Vote: How the impeachment inquiry will affect voter turnoutIsland Vote: How the impeachment inquiry will affect voter turnout
    A political consultant says some GOP candidates may take a bit of a hit in next month's election due to the possible impeachment of President Donald Trump.
    A political consultant says some GOP candidates may take a bit of a hit in next month's election due to the possible impeachment of President Donald Trump.
  • Power and Politics: Assemblyman Phil Ramos

    Power and Politics: Assemblyman Phil Ramos

    Thursday, October 10 2019 9:47 PM EDT2019-10-11 01:47:25 GMT
    Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.
    Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.
    Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.
    Assemblyman Phil Ramos of Assembly District 6 joins News 12's Stone Grissom on this week's edition of Power & Politics.
sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."