{"database": "press", "table": "releases", "rows": [["https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces_thanks-to-american-rescue-plan-upstate-nys-ufcw-local-one-to-receive-764-million--restoring-pensions-for-19000-members-and-their-families-across-upstate-ny", "SCHUMER ANNOUNCES \u2013 THANKS TO AMERICAN RESCUE PLAN\u2013 UPSTATE NY\u2019S UFCW LOCAL ONE TO RECEIVE $764 MILLION \u2013 RESTORING PENSIONS FOR 19,000+ MEMBERS AND THEIR FAMILIES ACROSS UPSTATE NY", "2023-08-03", "2023", "2023-08", "Democrat", "Senate", "NY", "Charles E. Schumer", "S000148", "www.schumer.senate.gov", "schumer", "https://www.schumer.senate.gov/newsroom/press-releases", "scraper", "UFCW Local One, Which Represents Thousands Of Food and Commercial Workers At Major Upstate Employers Like Tops Supermarket, Were Victims Of A Pension System That Collapsed After 2008 Crash; Without Action, After a Lifetime of Hard Work, Many Could Not Retire Or Would Have Paltry or Zero Pension Benefits Remaining\n\nAs Schumer\u2019s First Major Act As Majority Leader, He Secured Pension Fix So Union Members, Who Worked Their Whole Lives But Risked Losing Payments Through No Fault Of Their Own, Got Hard-Earned Pensions; Now 19,000 Union Members Across Buffalo, Syracuse, The Southern Tier, Finger Lakes And Upstate NY Have Finally Got The Relief They Needed\n\nSchumer: Upstate NY UFCW Local One Union Families Can Breathe A Massive Sigh Of Relief With The Full Pensions They Rightfully Earned Again Providing Economic Security\n\nAfter years of relentless advocacy, U.S. Senate Majority Leader Charles E. Schumer today announced that United Food and Commercial Workers (UFCW) Local One, with 19,000+ members and their families across Buffalo, Syracuse, the Southern Tier, Finger Lakes, and Upstate NY, will receive $764 million pension-fix payout from the American Rescue Plan. Schumer said that this will ensure that UFCW Local One members and their families receive the hard-earned benefits that they paid into their whole lives, but lost through no fault of their own. The senator said with these hard-earned pensions restored, UFCW members and their families can finally have the financial security they deserve.\n\n\u201cFrom Tops Supermarkets to making world famous products like Gianelli\u2019s sausages in Syracuse and Sahlen's hot dogs in Buffalo, UFCW Local One workers are the beating heart of Upstate NY\u2019s food and commercial industry. Upstate New York union members of UFCW Local One and their families could have lost the benefits they earned over a lifetime of work \u2013 through no fault of their own \u2013 putting their financial security, retirements, and families\u2019 futures at risk. When I became majority leader, I promised I would not stop fighting until our union brothers and sisters and their families got the pension relief they needed and earned,\u201d said Senator Schumer. \u201cThanks to the American Rescue Plan, I can finally say a promise made is a promise kept to the tune of over $764 million for 19,000 UFCW Local One members across Upstate New York who will see their pensions restored.\u201d\n\n\u201cPrior to the Butch Lewis Relief Act, workers were at risk of losing the retirement security that they earned through a lifetime of hard work, \u201csaid Frank DeRiso, President of UFCW Local One. \u201cThanks to the leadership of Senator Schumer and the Biden Administration, 19,000 UFCW Local One members and their families can take a deep sigh of relief knowing that their hard-earned retirement savings are now protected from significant cuts. Senator Schumer continues to deliver for New Yorkers and we thank him for that. Make no mistake, working people are the backbone of America and when promises are made to working-class Americans, they must be kept.\u201d\n\nAccording to PBGC, the plan was projected to become insolvent and run out of money in 2026. Without the SFA Program, the UFCW Local One Plan would have been required to reduce participants\u2019 benefits to the PBGC guarantee levels upon plan insolvency, which is roughly 15 percent below the benefits payable under the terms of the plan.\n\nSchumer explained that after the 2008 financial crash, many union workers in multiemployer pension plans were in danger of collapse due to out-of-control speculation on Wall Street. Multiemployer plans are created through agreements between employers and a union, with plans typically involving multiple employers in a single industry or related industries. Countless families and workers faced the prospect of losing out on retirement savings \u2013 through no fault of their own. Senator Schumer fought to include the Butch Lewis Act in the American Rescue Plan \u2013 securing pension solvency in his very first major bill as majority leader. Before the American Rescue Plan over 200 multiemployer plans were on pace to become insolvent in the near term, risking benefits for millions of workers and their families. The law created the Special Financial Assistance program administered by the Pension Benefit Guaranty Corporation (PBGC) to protect benefits for millions of workers, reverse harsh pension cuts, and put existing plans on a path to solvency through 2051.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-08T00:30:18Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://www.schumer.senate.gov/newsroom/press-releases/schumer-announces_thanks-to-american-rescue-plan-upstate-nys-ufcw-local-one-to-receive-764-million--restoring-pensions-for-19000-members-and-their-families-across-upstate-ny"], "units": {}, "query_ms": 2.196613000705838, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}