Dingell Statement on Pension Committee
Today, Congresswoman Debbie Dingell (D-MI) issued the following statement after the Pension Select Committee announced it could not reach an agreement by the November 30 deadline:
“While it’s disappointing that the Joint Select Committee could not reach an agreement prior to November 30, our commitment to protecting pensions will not waver. The Committee did invaluable work in shining light on this looming catastrophe and bringing a diverse group of stakeholders together to discuss solutions to bring much-needed certainty and relief to worried pensioners. But there remains an urgent need to act. The PBGC will run out of funds by 2025 and millions of retirees pensions will be at risk sooner than that. Our to-do list only grows longer as we continue our work to find a solution that protects pensions workers have earned, gives employers the certainty they need, and puts the entire multiemployer system on solid footing going forward.”
Pension Select Committee Co-Chairman Sherrod Brown (D-OH) and Orrin Hatch (R-UT) announced a commitment to keep working toward a solution to fix the pension crisis despite not meeting the November 30 deadline.