More than 120,000 United Airlines employees will suffer retirement benefit cuts if the company succeeds in unloading its pension plan on the federal government.

Hundreds of thousands more of us will suffer if other companies facing bankruptcy follow United’s example. But we can do something about it.

Co-sponsored by more than 100 members of Congress—Democrats and Republicans—a new bill on Capitol Hill would place a six-month moratorium on companies in bankruptcy, including United, to keep them from dumping their pension plans on the federal Pension Benefit Guaranty Corp. (PBGC). This bill, H.R. 2327, would give independent analysts time to sort out what’s really going on with United’s pension plans. And it would give United employees the chance to negotiate over their retirement benefits—we hope while Congress gets busy and passes pro-worker pension funding reform.

Please take a moment now to urge your members of Congress to support this important protection for our retirement security. Click on the link below:

http://www.unionvoice.org/campaign/Pension_Dump

The United Airlines pension disgrace would cut United workers’ promised retirement benefits by 25 percent to 50 percent. These workers are trapped in what would be the largest pension failure in U.S. history. But it won’t be the last if United’s pension dump goes unchallenged and leaves a roadmap for other employers that want to dodge their pension obligations.

Please tell your members of Congress to support H.R. 2327 and protect our retirement security. Click on the link below:

http://www.unionvoice.org/campaign/Pension_Dump

Thanks for working for working families.

In solidarity,

Working Families e-Activist Network, AFL-CIO
June 29, 2005

P.S. Plenty of people you know are concerned about retirement security. Please forward this e-mail to them and urge them to take action as well.