On The Record

REPRESENTATIVE PHIL ROE (R-TN)

House Education & Workforce Committee

"Pension plans that include hundreds of thousands of workers will become insolvent unless they receive the tools necessary to change course. If they don't, it is impossible to predict with any certainty how far the consequences ..."

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Carol Duncan

President, General Sheet Metal Works, Oregon

"I along with SMACNA support the "solutions not bailout" proposal developed over 18 months with both labor and management working together. We're not asking for a taxpayer bailout. It's a self-help plan for plan -- self-help for..."

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Sean McGarvey

President of the North America's Building Trades Unions

"So in order to protect multiemployer retirement security and to avoid any semblance of taxpayer bailout, labor and management in the construction industry have worked hand in hand to formulate a reasonable and workable package ..."

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Tom Nyhan

Executive Director, Central States Southeast and Southwest Areas Pension Fund

"We are going -- it's not a question of if there are going to be benefit cuts. There are going to be benefit cuts. The question is when and how they're going to happen. And the question we need to determine: Is there a way to pr..."

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Tom Nyhan

Executive Director, Central States Southeast and Southwest Areas Pension Fund

"If we do nothing and the PBGC fails, we will pay out $28 billion through date of insolvency. However, if we act, our participants will receive over $72 billion over the next 50 years."

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Editorial Board

Washington Post

"If Central States collapses and the PBGC takes over, retirees would, by law, get even less than they would under the just-rejected proposal. And if the PBGC itself is insolvent — an alarmingly real possibility — retirees might ..."

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