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.
Rob Portman
The Public Record
Rob Portman is an American politician and attorney currently serving as the junior United States senator from Ohio, a position he has held since 2011. A member of the Republican Party, Portman previously represented Ohio's 2nd congressional district in the U.S. House of Representatives from 1993 to 2005. He also served as the U.S. Trade Representative under President George W. Bush from 2005 to 2006, where he focused on trade policy and international negotiations.
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.
It is not fair in terms of the result, and people say, 'Well, you are just worried because it is Ohio.' It is not just Ohio.
Well, that is a really important point to make, and I thank you for letting us know that there is a solution out there that is, I think, very reasonable.
He had fierce determination. He was a Vietnam Veteran. He was a proud patriot.
The purpose is not to stop the process of fixing it, but to ensure that everyone is at the table.
Thank you for sponsoring the Pensions Accountability Act, which will fix the broken voting process in MPRA.
You are speaking for hundreds of thousands of others, and I have met with hundreds of those pensioners of the Teamsters in Ohio.
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.
But this legislation that Senator Toomey has proposed is really important, because it says with regard to Medicare, let us be sure that we are not allowing people to do the kind of pharmacy-shopping and doctor-shopping that leads to abuse.





