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home : news : national news free January 26, 2020

11/6/2019 12:28:00 PM
Bill aims to preserve pensions of retired coal miners

CHARLESTON, W.Va. (AP) — Senate Majority Leader Mitch McConnell is co-sponsoring a bill with West Virginia’s two U.S. senators and others aimed at preserving the pensions of about 92,000 retired coal miners, as well as the health-care benefits of another 13,000 working miners.

Democrat Joe Manchin and Republican Shelley Moore Capito of West Virginia announced the bill Wednesday.

McConnell, a Kentucky Republican, said in the statement that he raised the issue of protecting miner pensions and health benefits with President Donald Trump this week, and is “committed to continuing to work with him and my colleagues” toward a solution.

The bill would transfer money from the Abandoned Mine Land fund to prevent the insolvency of a 1974 miners’ pension plan. It also would add coal company bankruptcies from 2018 and 2019 to health-care legislation that passed in 2017.

In the past, the United Mine Workers of America has accused McConnell of blocking pension and health benefits for miners.

“With this one bill, the United States Senate has taken a giant, bipartisan step forward in keeping America’s promise to our coal miners and their families,” UMW President Cecil Roberts said in a statement. “I am especially thankful for Leader McConnell’s support of this legislation. His voice on behalf of retired miners is critical, and I want to thank him on behalf of every retired miner in America.”

Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization last week, joining a growing list of struggling mining companies as utilities switch from coal to cheaper and less-polluting renewable energy or natural gas. Murray Energy, which has operations in seven U.S. states, was the fourth largest U.S. coal producer in 2018, accounting for 6% of total production, according to the Energy Information Administration.

In the western United States, three of the Powder River Basin’s nine producers — Colorado’s Westmoreland Coal, Wyoming’s Cloud Peak Energy and West Virginia-based Blackjewel — have filed for bankruptcy protection over the past year.

St. Louis-based Peabody Energy Corp. emerged from bankruptcy protection in 2017 and both St. Louis-based Arch Coal and Bristol, Virginia-based Alpha emerged in 2016.





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