On the recordMay 15, 2018
I thank Senator Donnelly for bringing this issue to the floor. I also thank him for his leadership on this issue. He has fought for Indiana families day in and day out on the Senate floor. They are facing a crisis now as the people of Michigan are facing a crisis. As the Senator spoke about a fair deal, I can say, with a great deal of certainty, that the people of Michigan, just like the people of Indiana, believe a deal is a deal. This is a saying we have all heard, but it is also something on which we should all agree throughout the country. The American commitment to honoring contracts is part of why our economy is the greatest in the world. Businesses know that if their partners in duly executed deals back out, they have access to the full power of our courts and our legal system to make them whole. This is basic fairness. A deal is a deal. Workers deserve the same fairness. Workers who have banded together to negotiate for pensions during their retirements in exchange for lower upfront pay deserve the pensions they have earned. Generations of Americans have built their lives around the idea that if you work hard and play by the rules, you will have a fair shot at success. The certainty that hard work will be rewarded empowers Americans to achieve economic security, provide for loved ones, and retire with dignity, but for many Americans who have spent decades working hard, their retirements are now at risk.…





