U.S. Department of the Treasury

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js-2282

Good afternoon Chairman Grassley, Ranking Member Baucus, and members of the Committee.  I appreciate the opportunity to discuss the Administration's proposal to reform and strengthen the single employer defined benefit pension system.  In my testimony, I will focus on the proposal's funding rules, in particular, the calculation of the funding targets.

• Testimony of Assistant Secretary of Treasury Mark J. Warshawsky before the United States Senate Committee on Finance (Full Version)