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Transcript: DEFINED BENEFIT PENSION PLANS:CHUCK GRASSLEY
- Article from:
- Congressional Testimony
- Article date:
- March 11, 2003
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Opening Statement of Senator Chuck Grassley, Committee on Senate Finance
Hearing, ``The Funding Challenge: Keeping Defined Benefit Pension
Plans
Afloat`` March 11, 2003 Welcome to today`s hearing on defined benefit
pension
plans and the rules we use to fund them. This is our first pension
hearing
in the 108th Congress. Before I proceed I want to welcome our witnesses
from the administration and from the plan sponsor community. I`m sorry
that a representative of the Treasury Department was not able to join
us,
and I look forward to hearing from Mr. Fisher at his earliest convenience.
We`re here today to discuss what is the proper measure to value the
liabilities
of pension ...