[Congressional Record (Bound Edition), Volume 148 (2002), Part 3]
[House]
[Page 4037]
[From the U.S. Government Publishing Office, www.gpo.gov]




                             PENSION REFORM

  (Ms. WOOLSEY asked and was given permission to address the House for 
1 minute and to revise and extend her remarks.)
  Ms. WOOLSEY. Mr. Speaker, as a member of the Committee on Education 
and the Workforce, I can report that the pension reform bill that 
passed on a partisan vote from our committee does not help employees. 
Instead, big business is allowed to keep a two-tiered pension system, a 
system that protects executives but leaves the employees to fend for 
themselves; and that is wrong.
  I offered an amendment in committee, Mr. Speaker. That amendment 
ensures that hard-working Americans have the same pension protections 
as their company's executives. Democrats are fighting for employees who 
work hard, who play by the rules, who plan their retirement, not punish 
them. Not punish them by allowing executives to raise the pension funds 
and then get off scott-free.
  I urge my Republican colleagues to join us as we fight to enact real 
pension reform parity between executives and their employees.

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