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Opening Statement of Rep. Tim Walberg (R-MI), Chairman, Subcommittee on Health, Employment, Labor, and Pensions Hearing on “Enhancing Retirement Security: Examining Proposals to Simplify and Modernize Retirement Plan Administration”

| Posted in Committee Statements

In 1974, Congress enacted the Employee Retirement Income Security Act (ERISA), which governs and sets minimum standards for employee benefit plans. This landmark law has helped millions of Americans to save for retirement and to retire from work with financial stability and peace of mind. To date, there are nearly 700,000 private pension plans covering almost 135 million participants, with approxi... Read more »

Opening Statement of Rep. Brett Guthrie (R-KY), Chairman, Subcommittee on Higher Education and Workforce Development Hearing on “Closing the Skills Gap: Private Sector Solutions for America’s Workforce.”

| Posted in Committee Statements

Since the Great Recession 10 years ago, the American workforce has experienced a growing shortage of skilled workers with the current deficit clocking in at over six million workers. Businesses and industries are struggling to hire qualified candidates for job openings in a phenomenon known as the skills gap. In a 2015 survey of over 40,000 employers worldwide, participants reported that the top t... Read more »

Opening Statement of Rep. Byrne (R-AL), Chairman, Subcommittee on Workforce Protections Hearing on “The Opioid Epidemic: Implications for the Federal Employees’ Compensation Act”

| Posted in Committee Statements

Good morning, and welcome to today’s subcommittee hearing. I would like to thank our panel of witnesses and our members for joining today’s important discussion about the opioid epidemic and its implications for the Federal Employees’ Compensation Act (FECA) program. Read more »

Three Lessons: ‘Talent’ Has Become the New Theme Uniting Education and Employment

| Posted in E&W Blog

A recent article from EdSurge highlighted the changing needs in today’s workforce and how our postsecondary education has been slow to respond. Here are three lessons from the article: 1. There are more than six million unfilled jobs in the United States in what is known as the skills gap. These jobs are unfilled because too many workers are unskilled. Corporate leaders are turning to talent deve... Read more »

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