06/05/2013
https://www.congress.gov...
"If there were hundreds of thousands of Social Security beneficiaries getting their retirement benefits cut by as much as 70 percent, there would be a national outrage."
"What MPRA did was to allow plans that otherwise would fail entirely to preserve benefits and keep them from falling all the way to PBGC levels."
"These proposals, while motivated by the best of intentions, would likely result in greater benefit cuts and greater suffering."
"This bill was not designed as an alternative to MPRA but addresses one of the more egregious deficiencies."