A Stop to Cash Balance Plans

URGENT!!! PENSIONS ARE UNDER ATTACK

CONGRESS IS SUPPORTING BROKEN PROMISES BY CORPORATIONS


I, Janice Winston, the author of this petition do hereby ask that all Americans who are concerned about the status of pension plans in the America electronically sign this petition to stop Congress from passing language in HR2830 relating to Cash Balance Plans.

We the undersigned, who cannot leave our homes to visit your offices in person, need protection against the corporate lobbyists who roam the halls of Congress preying on our inability to protect ourselves and your willingness to go along with the lobbyists sinister plans to deny us our hard earned pension benefit.

It is simply immoral that companies can make promises that lure employees to spend a career working for a specific pension benefit, only to be told near the end of their career that the company is taking advantage of loopholes in the laws to escape pension obligations.

It is without conscience or consequence that corporations are significantly reducing pensions over 50\% or canceling pension benefits employees worked many years to earn.

Employees and their families expect Congress to protect the reasonable retirement expectations of older workers.

Congress must NOT support broken promises by corporations

Congress must protect employees and remember that workers are the constituents, not big business

Congress must understand that retirement certainty must be maintained

Congress must understand that Cash Balance Plans are harmful to older workers

Congress must protect early retirement subsidies

Congress must protect employees from the predatory practices of Cash Balance Plan wearaway and conversion.

THEREFORE:

We, the undersigned, are asking Congress NOT to pass any pension legislation that supports pension wearaway, age discriminatory practices, or pension conversions that harm older workers.

We, the undersigned, are asking Congress to reject all language relating to Cash Balance Plans in HR2830 and stop passage of any legislation that specifically relates to Cash Balance Plans until all possible protections are included for older workers.

We, the undersigned, are asking Congress to appoint an independent Advocate to protect and ensure the rights of employees and retirees.