Members, Subcommittees & Jurisdiction
News & Opinion
Multiemployer Pension Reforms
Roe Statement: Hearing on “Discussion Draft to Modernize Multiemployer Pensions”
Sep 22, 2016 -
We are here to discuss an issue that is vitally important to Americans from all walks of life: retirement security. This is a leading priority for millions of hardworking men and women, and that is why it’s a leading priority for Republicans and Democrats alike. Strengthening retirement security has...
Roe Statement: Hearing on "Strengthening the Multiemployer Pension System: What Reforms Should Policymakers Consider?”
Jun 12, 2013 -
As the title of the hearing suggests, today we will begin to review possible reforms to the nation’s multiemployer pension system. In 2014 provisions in the Pension Protection Act affecting multiemployer pensions are set to expire. For more than a year the committee has looked closely at the challen...
Roe Statment: Hearing on “Challenges Facing Multiemployer Pension Plans: Evaluating PBGC’s Insurance Program and Financial Outlook”
Dec 19, 2012 -
Today’s hearing is our second opportunity in recent months to examine the multiemployer pension system. In June, we discussed broadly the policies governing the system and its structural challenges. Since that hearing, news reports have reminded us of the problems plaguing many pension plans and the...
Roe Statement: Hearing on "Assessing the Challenges Facing Multiemployer Pension Plans"
Jun 20, 2012 -
In a recent editorial entitled the “Union Pension Bomb,” the Wall Street Journal described the “big trouble” facing multiemployer pension plans. The editorial noted a study by analysts at Credit Suisse, which found multiemployer pensions are collectively underfunded by approximately $369 billion, an...
Roe Statement: Hearing on "Examining the Challenges Facing the PBGC and Defined Benefit Pension Plans"
Feb 2, 2012 -
We are confronted today with two difficult realities. The first is the financial challenges facing the Pension Benefit Guaranty Corporation. For more than 35 years, PBGC has provided an important safety net to millions of workers in the event a defined benefit pension plan becomes insolvent or termi...
Roe Statement: Hearing on "Retirement Security: Challenges Confronting Pension Plan Sponsors, Workers, and Retirees"
Jun 14, 2011 -
Roughly 60 million workers participate in an employment-based retirement plan. They, like so many Americans, have felt the impact of the recent recession and continue to experience tough times during this slow economy. As more Americans reach into their retirement savings just to make ends meet, pol...
Price Statement: Hearing on Creating Greater Accounting Transparency for Pensioners
Jul 20, 2010 -
I would like to begin by thanking our distinguished panel for appearing today. We appreciate that they have taken time out of their busy schedules to share their experiences and expertise with us. This is a critical issue. Some pension plans are experiencing funding shortfalls after the economic dow...