SB 201 - Protect coal miners’ pensions when coal companies go out of business
Sponsored by Sen. Duane Ankney, R-Colstrip
- WE Support - SB 201 - Protect coal miners’ pensions when coal companies go out of business
- Click here to view the Bill Details
This bill would require coal mining companies to post surety bonds with the state to cover the cost of their workers’ pensions when they go bankrupt or reorganize–scenarios we’re already seeing play out in the midst of declining coal prices. SB 201 will create some security and stability for workers and their communities as they confront the energy transition.
This bill passed out of the House and was returned to the Senate with amendments on April 8. The bill was assigned to a Conference committee on April 17 to work out differences between the House and Senate.