February 23,2016

Press Contact:

Aaron Fobes, Julia Lawless (202)224-4515

Hatch to Hold Finance Hearing on Multiemployer Pension Plans

WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) will convene a hearing on Tuesday, March 1, to examine the multiemployer pension plan system and its effect on unions, employers, workers, retirees and taxpayers.  The hearing, titled “The Multiemployer Pension Plan System: Recent Reforms and Current Challenges,” will take place at 10:00 a.m. in Room 215 of the Dirksen Senate Office Building.
“In recent years, many pension plans have been plagued by declining participation and funding shortfalls within the program,” Hatch said. “With this hearing, members will have the opportunity to examine these challenges and how they affect workers, retirees and other individuals. Given past bipartisan interest and action on this issue, I’m hopeful we can continue to work together to address these issues as we look for solutions to make these pension plans solvent.”
The following witnesses are scheduled to testify:

·          The Honorable Joshua Gotbaum, Guest Scholar, Economic Studies Program, The Brookings Institute, Washington, DC
·          Dr. Andrew G. Biggs, Resident Scholar, American Enterprise Institute, Washington, DC
·          Mr. Cecil E. Roberts, Jr., International President, United Mine Workers of America, Triangle, VA
·          Mrs. Rita Lewis, Beneficiary, Central States Pension Plan, West Chester, OH
Senate Finance Committee
Hearing on Multiemployer Pension Plans
215 Dirksen Senate Office Building
Washington, D.C. 20510
Tuesday, March 1, 2016
10:00 a.m.
For media inquiries and additional information, including webcast and testimony details, please visit: http://finance.senate.gov/hearings.