Tom Price: “pension plans are on the minds of the American people. Just typing the words ``pension plan'' into an Internet search…”

“pension plans are on the minds of the American people. Just typing the words ``pension plan'' into an Internet search engine yields over 4,000 returns in less than a second. Americans are very concerned about their retirements. Couples who were planning where they will spend their golden years now are trying to figure out what to do with shrinking pension checks, as businesses struggle to fund their pension plans. Government and taxpayer bailouts are not fair to the public, and they are not a solution to the problem. Recent hearings here in the House have made the case crystal clear as experts have said that they think we need industry-specific reform. United Airlines recently dumped their pension plan onto the Pension Benefit Guarantee Corporation, so now thousands and thousands of their employees face an uncertain future and the PBGC goes billions of dollars further into the red. This is a no-win situation for everyone involved. Mr. Speaker, let us take action. Let us be proactive, and let us pass much-needed pension reform now. ____________________”