I think the entire country was appalled to see what happened to the pension savings, the retirement savings of various Enron employees when that company collapsed. Accordingly, we have spent a lot of time discussing how to ensure that these funds that are in a pension fund for a worker can be safeguarded so we can avoid this situation in the future. That part of the problem has gotten a lot of rhetorical attention, at least. We have still not taken the necessary actions to solve it. I hope we are able to do that in the next few weeks as we consider the legislation that has come out of the Health, Education, Labor, and Pensions Committee, and also legislation that is, I understand, going to be marked up in the Finance Committee.
Jeff Bingaman: “I think the entire country was appalled to see what happened to the pension savings, the retirement savings of various…”
Editor's note · Context
Addressing the need for pension fund protections following the Enron collapse.
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