[Congressional Record Volume 156, Number 110 (Monday, July 26, 2010)]
[Senate]
[Pages S6246-S6247]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. ROCKEFELLER (for himself and Mr. Goodwin):
S. 3649. A bill to amend the Surface Mining Control and Reclamation
Act of 1977 to provide for use of excess funds available under that Act
to provide for certain benefits, and for other purposes; to the
Committee on Energy and Natural Resources.
Mr. ROCKEFELLER. Mr. President, I rise today to introduce the
Coalfield Accountability and Retired Employee Act of 2010, CARE Act.
Senator Goodwin joins me in introducing this important legislation. It
is the first bill we have worked together on, and I look forward to
many more as partners in the Senate fighting for West Virginians.
The CARE Act protects the pensions for over 100,000 mineworkers. It
takes excess funds from the Abandoned Mine Land Reclamation Program and
transfers that money to the United Mine Workers of America, UMWA,
pension plan. These are AML funds that go unused and are not needed,
according to the Office of Surface Mining Reclamation and Enforcement
and the UMWA. So what our legislation does is put that money to good
use, and protects the pensions of our hardworking mineworkers.
Congress needs to act because the UMWA pension fund is on the road to
insolvency. It has been hit by the perfect storm--the recent financial
crisis, the small number of active mineworkers who provide the funding
base for the pension plan, and the large number of ``orphans'' who
receive their pensions under the plan. These ``orphans'' are retired
mineworkers for whom a company no longer makes contributions to the
pension fund, typically because the company is out of business.
So Congress and the Federal Government have to act in order to make
sure that the pensions of our mineworkers
[[Page S6247]]
are protected. Dating back to President Harry Truman, the Federal
Government has assumed a responsibility to our mineworkers. In 1992, I
was extremely proud to work on the passage of the COAL Act, where we
recommitted to our miners. That bill allowed the transfer of interest
accruing to the unappropriated balance of the Abandoned Mine
Reclamation Fund to be used to provide health care for a large number
of orphaned miners and their widows. This Federal commitment was once
again affirmed in the 2006 amendments to the Abandoned Mine Reclamation
Program which sought to again protect the health care plans of miners
from insolvency.
Now, 18 years after passing the COAL Act, Senator Goodwin and I are
again renewing our commitment to the nation's miners with the CARE Act.
This bill will protect the solvency of our miners' pension plans.
In West Virginia, we revere our miners--the men and women who put
their lives on the line every single day to provide for their families
and bring light and heat to millions. Their tenacity, their courage and
their determination is an inspiration to us all. The work they do
everyday provides nearly half of our nation with power to light and
heat our homes. We should all thank them for the service they provide
this country, and continue protecting our miners' retirement benefits
going forward.
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