OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Multiemployer Pensions

Floor Speech

Date: June 12, 2019
Location: Washington, DC
Issues: Finance and Banking

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Mr. GRASSLEY. Mr. President, Congress needs to address the crisis facing multiemployer pension plans. The Finance Committee is continuing its work on retirement income security, including those issues with the multiemployer plans.

While we work to enact the first round of reforms in the retirement savings accounts, known as RESA, which is now before the Senate, there is still more work to do. We have the benefit of the joint select committee's work on multiemployer plans last year. We know what is going on, we know what is broken, and we know the various options for repairing the system.

It is time to put pen to paper and fix these plans that will protect the workers who have paid into them.

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