[Congressional Record Volume 141, Number 79 (Friday, May 12, 1995)]
[Senate]
[Pages S6575-S6576]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                    FEDERAL PENSION REVIEW HEARINGS

  Mr. STEVENS. Mr. President, several months ago there was an 
expression of interest in the subject of congressional pension reform 
raised by my good friend from Nevada, Senator Bryan. His concern about 
the subject, which was raised here on the floor, was supported by the 
majority leader, and there was concurrence that it would be appropriate 
to schedule hearings later in the year on this subject.
  Mr. President, to address the concern raised by Senator Bryan and the 
majority leader, I wish to announce that the Subcommittee on Post 
Office and Civil Service, which I chair, has scheduled hearings on 
Federal pension plans for Monday, May 15, and Monday, May 22, at 2 p.m. 
They will be held in room 342 of the Dirksen Building.
  The May 15 hearing will be devoted to the mechanics of Federal 
pension plans, including their application to Congress, and a review of 
proposals for modifying congressional pension coverage. The May 22 
hearing will be a broad discussion of Federal plans, and will include a 
comparison with private sector pension plans. GAO will review the 
considerable research which they have compiled in this area.
  There are several goals to these hearings which include taking a 
close look at congressional pension coverage; assessing the merits of 
the differential between this coverage and standard Federal pension 
coverage; and reviewing the Federal pension systems to determine if 
changes need to be made which would enhance the current plans, and also 
protect the financial soundness of these systems.
  [[Page S6576]] I thank the Chair for the opportunity to announce 
these hearings.
  I suggest the absence of a quorum.
  The PRESIDING OFFICER. The clerk will call the roll.
  The assistant legislative clerk proceeded to call the roll.
  Mr. THURMOND. Mr. President, I ask unanimous consent that the order 
for the quorum call be rescinded.
  The PRESIDING OFFICER. Without objection, it is so ordered.

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