Administrations Proposals to Reform the Federal Governments Pension Benefit Gu
Administrations Proposals to Reform the Federal Governments Pension Benefit Gu
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In our eReader you can find the full English version of the book. Read Administrations Proposals to Reform the Federal Governments Pension Benefit Gu Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Administrations Proposals to Reform the Federal Governments Pension Benefit Gu
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To quickly assess the difficulty of the text, read a short excerpt:
Kleczka. That is the point that I was trying to make not only to you, but I just came over from the Banking Committee be- fore I got on this committee, and I think all of us in this room real- ize what happened to the FSLIC, and for the last year I was on that committee, every year was more and more and more.
And it wasn't that we were bailing out failed S&Ls, but we were making good on the Federal promise. And the pension funds that we are guaranteeing through the PBGC carry with it an identic...al or similar Federal guarantee.
And naturally we are not going to close down all industry in this country and have a $50 billion liability, but if in fact things would go from worse to worser, there is a possibility that we could be looking at $20 billion or $10 billion or whatever amount above and beyond what you have in-house and to take care of the benefits they would have to be made up by the taxpayer.
Aiid I think the point I am trying to make is to point out the need for this legislation so we address over the next 5 years those plans which are causing us heartburn, which could provide for the fund to be in serious jeopardy.
What to read after Administrations Proposals to Reform the Federal Governments Pension Benefit Gu?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Ways to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Kleczka. That is the point that I was trying to make not only to you, but I just came over from the Banking Committee be- fore I got on this committee, and I think all of us in this room real- ize what happened to the FSLIC, and for the last year I was on that committee, every year was more and more and more.
And it wasn't that we were bailing out failed S&Ls, but we were making good on the Federal promise. And the pension funds that we are guaranteeing through the PBGC carry with it an identic...al or similar Federal guarantee.
And naturally we are not going to close down all industry in this country and have a $50 billion liability, but if in fact things would go from worse to worser, there is a possibility that we could be looking at $20 billion or $10 billion or whatever amount above and beyond what you have in-house and to take care of the benefits they would have to be made up by the taxpayer.
Aiid I think the point I am trying to make is to point out the need for this legislation so we address over the next 5 years those plans which are causing us heartburn, which could provide for the fund to be in serious jeopardy.
What to read after Administrations Proposals to Reform the Federal Governments Pension Benefit Gu?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress House Committee On Ways to read onlineMoreLess
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