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Miners get permanent funding for health care, but fate of pensions is dubious

Congress is keeping its promise to fund health care for retired members of the United Mine Workers -- but the miners' pension fund still has a massive funding gap and help is not on the way.

By Nick Thornton | Updated on May 01, 2017
Congress is keeping its promise to fund health care for retired members of the United Mine Workers -- but the miners' pension fund still has a funding gap. (Photo: AP)

Lawmakers have included $1.3 billion over 10 years to permanently fund retired coal miners’ health care benefits in a budget deal that extends funding for the federal government through September 2017.

Sen. Mitch McConnell, R-KY, majority leader in the Senate, and Sen. Joe Manchin, D-WV, both released statements, with each claiming to have secured the money to fund the health care benefits of retired miners.

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Nick Thornton

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.

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