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Rep. David Roe's Statement at Hearing on 'Challenges Facing Multiemployer Pension Plans'
Committee on Education and the Workforce, U.S. House of Representatives
[Opinion] Mar. 6, 2013
"[O]ne out of every four plans is in 'red zone' critical status, experiencing immediate and significant funding problems. Only 39 percent of participants are active employees ... [and] there is a 90 percent chance the PBGC's multiemployer insurance program will be insolvent in less than twenty years."
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