Bill Text: OH HCR21 | 2011-2012 | 129th General Assembly | Comm Sub

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: As Adopted by the House 129th General AssemblyRegular Session2011-2012Am. H. C. R. No. 21 Representatives Slesnick, Ramos

Spectrum: Moderate Partisan Bill (Democrat 35-8)

Status: (Engrossed - Dead) 2012-12-18 - To Rules & Reference [HCR21 Detail]

Download: Ohio-2011-HCR21-Comm_Sub.html

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As Reported by the House Health and Aging Committee

129th General Assembly Regular Session 2011-2012

Am. H. C. R. No. 21

Representatives Slesnick, Ramos 

Cosponsors: Representatives Antonio, Ashford, Fende, Foley, Gentile, Hagan, R., Letson, Murray, O'Brien, Okey, Phillips, Pillich, Schuring, Szollosi, Yuko, Barnes, Carney, Garland, Goodwin 

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A CONCURRENT RESOLUTION

To declare the state of Ohio's support of its

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steelworkers in urging the President and the

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Congress of the United States to ensure that the

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Pension Benefit Guaranty Corporation is fully

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funded and properly administered to pay pension

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benefits to retired steelworkers and their

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spouses.

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BE IT RESOLVED BY THE HOUSE OF REPRESENTATIVES OF THE STATE OF OHIO
(THE SENATE CONCURRING):

WHEREAS, Steelworkers are vital to industry in the Midwest	8
and play an essential role in constructing and reinforcing	9
buildings, bridges, and other structures and in producing products	10
used by other manufacturing industries; and	11

WHEREAS, Over the last thirty years the steel industry has	12
fallen on hard times, causing thousands of job losses and numerous	13
plant closings across the Midwest; and	14

WHEREAS, Steelworkers have negotiated contracts that	15
sacrificed higher wages and other benefits in exchange for secure	16
pension benefits; and	17

WHEREAS, Steelworkers were promised solvent pension plans	18
with funds adequate to pay all benefits promised to them; and	19

WHEREAS, The Pension Benefit Guaranty Corporation is a	20
federal pension insurance program that pays pension benefits to	21
retired workers, including steelworkers, whose employers are	22
bankrupt and pension plans are underfunded; and	23

WHEREAS, There is a sense of urgency concerning the financial	24
security of the Pension Benefit Guaranty Corporation because the	25
recent economic downturn has caused an increased number of	26
companies to go bankrupt, and as a result, the Pension Benefit	27
Guaranty Corporation is paying pension benefits to more workers;	28
and	29

WHEREAS, In 2009, the Government Accountability Office	30
conducted a performance audit of the Pension Benefit Guaranty	31
Corporation and recommended that the Corporation improve	32
strategies on determining pension benefits in complex pension	33
plans, minimize overpayments, improve communication with	34
participants, and increase accessibility to the appeals process;	35
now therefore be it	36

RESOLVED, That we, the members of the 129th General Assembly	37
of the State of Ohio, on behalf of all citizens of this state,	38
support Ohio's steelworkers in urging the President and the	39
Congress of the United States to ensure that the Pension Benefit	40
Guaranty Corporation is fully funded to pay pension benefits to	41
retired steelworkers and their spouses and to ensure that the	42
Corporation implements recommendations made by the Government	43
Accountability Office on procedures for paying benefits to retired	44
workers; and be it further	45

RESOLVED, That the Clerk of the House of Representatives	46
transmit duly authenticated copies of this resolution to the	47
President of the United States, the President Pro Tempore and	48
Secretary of the United States Senate, the Speaker and Clerk of	49
the United States House of Representatives, each member of the	50
Ohio Congressional delegation, and the news media of Ohio.	51