Wyden and Hatch Statement on PBGC FY2014 Annual Report

MEMORANDUM

To:	Reporters and Editors
From:	Lindsey Held, Office of Senate Finance Committee Chairman Ron Wyden, D-Ore. Julia Lawless, Office of Senate Finance Committee Ranking Member Orrin Hatch, R-Utah
Date:	November 17, 2014
Re:	Wyden and Hatch Statement on PBGC FY2014 Annual Report

Senate Finance Committee Chairman Ron Wyden, D-Ore., and Ranking Member Orrin Hatch, R-Utah, today issued the following statement on the Pension Benefit Guaranty Corporation’s FY2014 Annual Report:

“We continue to be very concerned with the further deterioration of the multiemployer pension program as conveyed in the PBGC's FY2014 Annual Report that was issued today. We’re committed to addressing the problems with multiemployer system. We owe it American workers to do everything feasible to ensure that retirees receive the promised pension benefits they worked hard to achieve.”

The full report can be found here.

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