Charles Grassley Pension Quotations

In addition to allowing plans to book phantom investment gains, United was able to use stale, non-market interest rates to value pension liabilities, thereby further disguising funding deficits. In other words, our pension laws tell these companies, 'Take off the green eye shades and put on rose-colored glasses.

It will be a bill that will protect workers' pensions of the defined benefit variety,

If you make a promise, you are responsible for your own promise, ... Unfortunately, there are a few ... bad apples who have abused loopholes ... to avoid funding pensions in a way that shows they are responsible for their own promises.

We've heard too many stories of top executives of bankrupt companies sticking workers with unfunded pensions while running off with millions of dollars of so-called nonqualified pension benefits.

The CDSOA lines corporate coffers for a select few, and too many innocent companies and workers end up paying the tab, ... I'll continue to seek repeal or suspension of the CDSOA at the earliest possible time.