"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."
"It is a worthy discussion we have today with no simple answers."
"Professor Naughton, according to the most recently available PBG data, multiemployer plans are underfunded by $638 billion."
"As we all know, the first rule of holes is to stop digging."
"I remember going back to 2007 and talking to leadership of this committee about what I was hearing from my district, from Teamsters and other workers as well as small business people concerned about t..."
"I began to see that this indeed was a ticking time bomb."
"I would also ask that officials like a number of union officials who aren't on the same pension plan that their membership is on that they engage as well for the best interests of the membership."
"I hope we will promote reality. No pie in the sky stuff. Actual figures."
"I thank you again for this hearing and you have my commitment to do whatever is possible to achieve success for the people that we represent."
"I am pleased that the committee is holding a hearing on workforce development for the energy industry."
"It is incredibly important to my rural district areas that we not be left behind as carriers move to 5G."