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, and only a small fraction of these plans are considered stable and healthy. It is important to note th... Read more »
On Wednesday, June 20 at 10:00 a.m., the Subcommittee on Health, Employment, Labor, and Pensions, chaired by Rep. Phil Roe (R-TN), will hold a hearing entitled “Assessing the Challenges Facing Multiemployer Pension Plans.” The hearing will take place in room 2175 of the Rayburn House Office Building. An estimated 10.3 million Americans participate in the multiemployer pension system. Multiemployer... Read more »
U.S. House Committee on Education and the Workforce Chairman John Kline (R-MN) issued the following statement after House Speaker John Boehner (R-OH) and Senator Joe Lieberman (I-CT) announced an agreement had been reached with the Obama administration to fully implement the D.C. Opportunity Scholarship Program (OSP) in accordance with the law signed last year to renew and expand the program: “I a... Read more »
Despite President Obama’s erroneous claim “the private sector is doing fine,” the American people aren’t buying it. Washington’s regulatory onslaught has forced many job-creators to sit on the sidelines, and as a result, the nation has experienced 40 straight months of unemployment above 8 percent and millions are searching for work. A notorious example of the regulatory hurdles facing employers i... Read more »
President Obama likes to say that everyone in America should "play by the same rules." Okay, so then why does the Administration's new student-loan rule apply to for-profit colleges, but not nonprofits? The regulations that go into effect in July cut off federal student aid to career and technical colleges whose former students don't meet the Education Department's definition of "gainful employme... Read more »
By Rep. John Kline (R-MN) Unless Congress takes action, student loan interest rates for millions of borrowers will double in just a few short weeks. The House has already done its part by approving the Interest Rate Reduction Act, bipartisan legislation that will prevent a scheduled interest rate increase on subsidized Stafford Loans without piling additional costs on taxpayers. In an effort to f... Read more »
The Department of Labor reports 3.7 million jobs remain unfilled, despite the fact that nearly 13 million unemployed Americans are searching for work. Employers largely attribute this discrepancy to a lack of skilled workers, and many workers report the nation’s federal workforce development system is failing to provide the training and education they need to succeed. On Thursday, the House Commit... Read more »
The House Committee on Education and the Workforce, chaired by Rep. John Kline (R-MN), today approved legislation to fix the nation’s broken workforce training system and help ensure workers have the skills and education they need to succeed. The Workforce Investment Improvement Act of 2012 (H.R. 4297) will reauthorize the Workforce Investment Act of 1998 (WIA) and was approved in a vote of 23 to ... Read more »
The House Education and the Workforce Committee is currently considering comprehensive reforms to the nation’s workforce development system. The Workforce Investment Improvement Act of 2012 (H.R. 4297) advances commonsense changes to federal job training assistance by eliminating dozens of ineffective and redundant programs, strengthening the role of employers, promoting new tools that will help c... Read more »
The House Education and the Workforce Committee is currently considering comprehensive reforms to the nation’s workforce development system. The Workforce Investment Improvement Act of 2012 (H.R. 4297) advances commonsense changes to federal job training assistance by eliminating dozens of ineffective and redundant programs, strengthening the role of employers, promoting new tools that will help c... Read more »
