CSPAN Key Capitol Hill Hearings December 12, 2014
Multipension plan. Men and women who continue to move our country forward, builders, truck drivers, carpenters, store clerks, to name a few. Those people worked hard and earned a promise that a pension would provide Financial Security in retirement. Yet, for many that promise is now in jeopardy. Pension plans are on the brink of bankruptcy. Employers, workers and retirees are stretched thin and the federal Insurance Agency is on the path to insolvency. The multiemployer Pension System is a ticking time bomb. When the bomb goes off, business also close their doors, workers will be laid off, tax...