I serve on the Crimes Subcommittee within the Judiciary Committee, and I am the chairman of the Oversight Committee.
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It seems to me that there is a basic inconsistency of treatment among different groups of retirees in the path we are on.
The political power of pension stakeholders is often sufficient to lower regulator requirements.
We need to find a workable solution for underfunded multiemployer pension plans that does not come at the expense of those who have worked hard.
Financial security for workers and their families, and retirement policy in particular, have never been more important.
Politically speaking, it is almost impossible to default on public employee pension benefits.
Senator Hatch's proposal to allow state and local governments to purchase deferred annuities for their employees would provide those employees with a true guaranteed retirement benefit along with portability between jobs.
I know literally thousands of these people across this country who are depending on these pensions every month.
The First Amendment guarantees your right to express your views. But we have to allow a civil discussion to occur in the context of this hearing.
We have a bill that started with Senator Manchin and Senator Capito, but also with the ranking member, Senator Wyden, and Senator Warner and Senator Brown and I.
Financial security for workers and their families, from their retirement policy in particular, has never been more important.
The most immediate effect on these miners will be at the end of this year for the 21,000-plus who will lose their health care completely.
The time is here. We can't put it off any longer. We must move forward now to get this done for our workers, our businesses, and our country.
Ten million Americans are covered by multiemployer pension plans, and, currently, more than one-third of those people are in plans that are critically underfunded.
Today we will be talking about an area of retirement policy that, for a number of reasons, has not delivered on the pension promises made to workers and retirees.
Enacting the bill sponsored by Senators Capito and Manchin is the least expensive way for Congress to address the UMWA pension crisis.
It worries me that the U.S. accounts for about three-fourths of NATO funding even though the European members have an even larger combined economy and population.