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FOR IMMEDIATE RELEASE

June 7, 2018

CONTACT: Nicole Hager/Katie Niederee (Hatch) 202-224-4515

Jenny Donohue/Rachael Hartford (Brown) 202-224-3978

***MEDIA ADVISORY***

Hatch, Brown Announce Hearing to Consider Employer Perspectives on Multiemployer Pension Plans

WASHINGTON Joint Select Committee on the Solvency of Multiemployer Pension Plans Co-Chairmen Orrin Hatch (R-Utah) and Sherrod Brown (D-Ohio) today announced they will convene a hearing on Wednesday, June 13, to consider employer perspectives on multiemployer pension plans. The hearing will take place at 2 p.m. in 215 Dirksen Senate Office Building.

“The most important factor to help workers adequately save for retirement is their ability to participate in a retirement plan through their employer,” Hatch said. “Decisions made by business owners – large and small – play a critical role in our multiemployer pension system and this hearing will give Joint Select Committee members an opportunity to hear firsthand from several employers about the challenges they face, as well as insight into how the multiemployer pension system can be improved.”

“Small businesses are at risk of collapsing if they end up on the hook for pension liability they can’t afford to pay,” Brown said. “I have spent time with Ohio businesses who have done everything right, but are being punished because their business thrived while so many of their competitors failed. We cannot allow American businesses to collapse and workers to lose their jobs.”

The witnesses at Wednesday’s hearing will be:

  • Chris Langan, Vice President of Finance of UPS
  • Aliya Wong, Executive Director of Retirement Policy of the U.S. Chamber of Commerce
  • Mary Moorkamp, Chief Legal and External Affairs Officer of Schnuck Markets
  • Burke Blackman, President of Egger Steel Company
Who: Joint Select Committee on Pensions
What:
“Employer Perspectives on Multiemployer Pension Plans”
Where: 215 Dirksen Senate Office Building
Washington, D.C. 20510
When: Wednesday, June 13, 2018
2 p.m.