Biden has gone on record to suggest that he would be open to changes in Social Security which might result in lower payments for some. Biden has also considered increasing the age of retirement as a way to keep the Social Security system solvent.
For all women who have lost their jobs during this pandemic, Black women and Latinas who perform the bulk of essential work during lockdown, for all Black and Brown elders who have lost their lives, capitalism is their preexisting condition.
Changes to the guild’s cash-strapped health plan could force thousands of seniors off their coverage in the middle of a pandemic.
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Karen Friedman, executive vice president and policy director at the nonprofit Pension Rights Center in Washington, is highly critical of the new law while acknowledging that pension reforms are needed. “We are not saying don’t fix multiemployer [plans],” Friedman said. But an act that allows plans to cut retiree pensions is “such a departure from current law,” she said. “It’s just such a buzz saw on retiree pensions.”
The Supreme Court's decision in Allied Chemical Workers v. Pittsburgh Plate Glass to give employers complete control of retiree benefits undercuts the purpose of the National Labor Relations Act and leaves vulnerable, retired employees powerless to protect themselves from costly changes in benefits.
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