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<blockquote data-quote="my2cents" data-source="post: 54321"><p>First, the House released a press release highlighting yesterday's hearing on H.R. 2830. Additionally, the witnesses submitted their </p><p>written testimony for public consumption. All of the testimony is worth reading and the <strong>Multiemployer Pension Plan Coalition</strong> is represented by the testimony of Mr. Lynch from the Motor Freight Carriers Association and Ms. Mazo from the Segal Company. Mr. Lynch's testimony is basically an extension of his testimony in the Senate last week and Ms. Mazo picks up from where Mr. DeFrehn left off. In fact, the first few pages of Ms. Mazo's testimony virtually mirrors Mr. DeFrehn's statements. To supplement their testimony, both cite some Segal research. Links to this research are provided below:</p><p></p><p>"Still Solid Funded Position of Multiemployer Pension Plans Reflects Additional Erosion"</p><p></p><p>Funding Survey Supplement <em>Footnote 3</em></p><p></p><p>Multiemployer Pension Plan Withdrawal Liability: An Overview <em>Footnote 4</em></p><p></p><p>If one has limited time, reading Ms. Mazo's testimony would probably be the most prudent use of it. One gets a closer look at the coalition blueprint and one notices the doctrine of <em>Heinz</em>, which was the Supreme Court ruling on work rule restrictions are embodied in the blueprint. Furthermore, those who participate in a "red zone" plan should take notice. It appears benefit cuts are an option and benefit accrurals may also be frozen. </p><p></p><p>Chances are H.R. 2830 will undergo some revisions before a vote is taken, although Chairman Boehner states in the press release, ..."we plan to act quickly over the next month." </p><p></p><p>If one chooses view the webcast, simply scroll down the page until you see the link for the hearing. The webcast is 3 hours and 8 minutes long. In this regard, I'm still unable to view the webcast and I'm using Microsoft Media Player 10. I believe there is a corrupted script, which launches the webcast. At least that appears to be my situation anyway.</p><p></p><p>In regards to the hearing transcript, I plan to check back every so often to see when it will be posted.</p><p></p><p>(Message edited by my2cents on June 16, 2005)</p></blockquote><p></p>
[QUOTE="my2cents, post: 54321"] First, the House released a press release highlighting yesterday's hearing on H.R. 2830. Additionally, the witnesses submitted their written testimony for public consumption. All of the testimony is worth reading and the [B]Multiemployer Pension Plan Coalition[/B] is represented by the testimony of Mr. Lynch from the Motor Freight Carriers Association and Ms. Mazo from the Segal Company. Mr. Lynch's testimony is basically an extension of his testimony in the Senate last week and Ms. Mazo picks up from where Mr. DeFrehn left off. In fact, the first few pages of Ms. Mazo's testimony virtually mirrors Mr. DeFrehn's statements. To supplement their testimony, both cite some Segal research. Links to this research are provided below: "Still Solid Funded Position of Multiemployer Pension Plans Reflects Additional Erosion" Funding Survey Supplement [I]Footnote 3[/I] Multiemployer Pension Plan Withdrawal Liability: An Overview [I]Footnote 4[/I] If one has limited time, reading Ms. Mazo's testimony would probably be the most prudent use of it. One gets a closer look at the coalition blueprint and one notices the doctrine of [I]Heinz[/I], which was the Supreme Court ruling on work rule restrictions are embodied in the blueprint. Furthermore, those who participate in a "red zone" plan should take notice. It appears benefit cuts are an option and benefit accrurals may also be frozen. Chances are H.R. 2830 will undergo some revisions before a vote is taken, although Chairman Boehner states in the press release, ..."we plan to act quickly over the next month." If one chooses view the webcast, simply scroll down the page until you see the link for the hearing. The webcast is 3 hours and 8 minutes long. In this regard, I'm still unable to view the webcast and I'm using Microsoft Media Player 10. I believe there is a corrupted script, which launches the webcast. At least that appears to be my situation anyway. In regards to the hearing transcript, I plan to check back every so often to see when it will be posted. (Message edited by my2cents on June 16, 2005) [/QUOTE]
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