[Congressional Record (Bound Edition), Volume 162 (2016), Part 3]
[House]
[Page 4349]
[From the U.S. Government Publishing Office, www.gpo.gov]




      KEEP THE PENSION PROMISES ACT AND PENSION ACCOUNTABILITY ACT

  (Mr. RYAN of Ohio asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. RYAN of Ohio. Mr. Speaker, I want to speak for 1 minute on the 
Central States Pension Fund, which right now, because of its demise, is 
going to gut the pensions of thousands and thousands of workers in 
Ohio, over 4,000 in my district alone.
  I want to thank Marcy Kaptur of Ohio for spearheading this 
legislation in which we ask the wealthiest people in the country, those 
who are trading art, to help us raise the $29 billion we need to put 
back into this pension fund.
  We have senior citizens who have spent 30 or 40 years as Teamsters or 
Machinists, working their rear ends off, earning a pension, saying: We 
don't want the money now--as they negotiated contracts--you take this 
wage that we could have and you save it for later, but we want it back.
  This bill, these pieces of legislation, help to restore some respect 
and dignity for those workers in Ohio and across the country.
  I ask my colleagues to help us with the Keep the Pension Promises Act 
and the Pension Accountability Act. People need to be respected, and 
these pensions need to be secured.

                          ____________________