On the recordMay 15, 2018
this is such an important issue, and those of us who have spent time with any of the workers and those of us who have spent time with small business owners who are deeply concerned about the viability of their business under a ``last man standing'' kind of rule completely understand the level of grave concern these Americans are experiencing as a result of the problem with multiemployer pension funds like Central States. It is clear to me that if we fail to act, workers and retirees could, and probably will, see their retirement security disappear. Small businesses across the country could, and probably will, face bankruptcy, and taxpayers would still be left on the hook. Today we are here to tell the stories and give the voice to the workers, small businesses, and retirees who are most at-risk for losing their pensions after years of hard work and playing by the rules. Today I rise to give a voice to thousands of North Dakota workers and retirees who are at risk of losing their retirement security because of the financial instability of our multiemployer pension system. The only way to prevent these workers and retirees from losing their pensions is for Congress to act. These men and women did everything right, and they live not just in North Dakota but in almost every State. They played by the rules.…
Source
govinfo.gov




