Kline, Scott Joint Statement on Multiemployer Pensions
WASHINGTON, D.C.,
May 6, 2016
House Education and the Workforce Committee Chairman John Kline (R-MN) and Ranking Member Robert C. “Bobby” Scott (D-VA) issued the following joint statement after the Department of Treasury issued its decision regarding the Central States Pension Fund:
A pension crisis has been growing for decades, threatening the retirement security of millions of Americans. That’s why Congress spent years working with labor leaders, retiree advocates, and employers on a set of bipartisan reforms that provide trustees with the tools to minimize the effect of painful benefit cuts required when plans become insolvent. It is the responsibility of the trustees and the Department of Treasury to determine how and when to use those tools. # # # |