05/24/2016
https://congress.gov...
"Professor Naughton, according to the most recently available PBG data, multiemployer plans are underfunded by $638 billion."
"It is a worthy discussion we have today with no simple answers."
"It's essential that we work together to stop the hemorrhaging of underfunded plans and minimize losses to plan participants as much as possible."
"There is nothing fair or excusable about a 75-year-old retiree with healthcare concerns and medical issues finding out that the pension he was promised isn't funded."