Every year, Chuck commits to traveling to all62 counties in New York to meet with constituents.
On January 2nd 2018, U.S. Senate Minority Leader Charles E. Schumer stood with Long Island-area Teamsters who have suffered pension benefits cuts and are at significant risk of losing even more of what they earned and saved over a lifetime of work. Schumer explained that due to Wall Street speculation during the financial crisis and structural shifts in the economy, New York multiemployer pension plans are in financial trouble and now many families could lose out on retirement savings – through no fault of their own. The Teamsters Local 707 multiemployer pension plan became insolvent earlier last year and the Pension Benefit Guaranty Corporation (PBGC) has begun to provide financial assistance. The plan’s retirees and beneficiaries have received drastic benefit cuts. Which is why, Schumer, along with his Democratic conference colleagues in the U.S. Senate, are pushing new legislation that would help local Long Island-area Teamsters avoid cuts in the future – and perhaps reverse past cuts – so their families and retirement security are not put at risk. Schumer said this must-pass legislation is necessary to put Long Island workers hard-earned pension plans back on solid footing.