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Information on Pensions, Enron and Corporate Accountability Reform
Press Releases, Letters, and Dear Colleagues

Unfunded Pension Liability: A Timeline of the Crisis
A report that documents the worsening of the pension crisis and the failure of Republican leaders in Congress to take effective action despite years of warning

Information on Cash Balance Plans

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  1. Press Releases
  2. Statements, Summaries and Background Information
  3. Dear Colleague Letters
  4. News Articles

Press Releases

  1. Press Release -- December 15, 2005
    Pension Bill Approved by House Will Put Americans’ Pensions Further at Risk, Says Miller

  2. Press Release -- December 15, 2005
    House to Vote on GOP Pension Bill That Makes Pension Crisis Worse; Republicans Refuse to Allow Vote on Democratic Alternative

  3. Press Release -- December 13, 2005
    Representative Miller Statement on Boehner-Thomas Announcement on Pensions

  4. Press Release -- December 6, 2005
    Congress’ Failure to Reform Private Pensions Will Hurt American Retirees, Says Miller

  5. Press Release -- December 1, 2005
    Miller, Markey Call for GAO Investigation of Government Actions to Prevent Pension Fraud; Congressmen Raise Questions About Whether Enough is Being Done to Protect Pensions of Workers, Retirees

  6. Press Release -- November 15, 2005
    PBGC Deficit at $22.8 Billion; Miller Again Calls For Urgent Congressional Action on Pension Reform; PBGC and CBO Report that Pending Republican Pension Bill Would Worsen Company Underfunding and PBGC Deficit

  7. Press Release -- November 4, 2005
    Government Study: Cash Balance Pension Plan Conversions Cut Benefits for All Workers; Report Underscores Need for Congress to Act to Protect Older Workers’ Retirement Benefits

  8. Press Release -- October 26, 2005
    Representative Miller Statement on Pension Premium Increases

  9. Press Release -- October 11, 2005
    Pension Insurer Says House and Senate Bills Worsen its Deficit

  10. Press Release -- September 15, 2005
    Miller Calls For Action to Prevent Companies From Dumping Pension Plans Onto Government; CBO Says PBGC’s 10-Year Deficit is up $15 Billion, to $87 Billion

  11. Press Release -- July 29, 2005
    Miller FOIA Request Reveals Bush Pension Plan Would Cost Companies Another $430 Billion Over 6 Years; Information Raises Serious Questions about Impact on Vulnerable Companies’ Plans and Employees

  12. Press Release -- July 26, 2005
    Miller Applauds Savings Plan Announced by Democratic Leaders in Congress

  13. Press Release -- July 6, 2005
    Representative Miller Says PBGC Witheld Information on Pension Legislation Passed by House Committee Last Week; Committee Republicans Approved Major Legislation Despite Having No Information on Its Practical Effects

  14. Press Release -- June 30, 2005
    Democrats Protest Insufficient Information on Effects of Pension Legislation; Committee Republicans Reject Series of Democratic Amendments that Sought to Protect Workers, Retirees, and Taxpayers

  15. Press Release -- June 29, 2005
    Pension Legislation Must Protect Workers and Taxpayers, Says Miller; Runaway Pension Plan Terminations – Like United Airlines’ – Must Be Stopped

  16. Press Release -- June 24, 2005
    House Rebukes United Airlines Over Pensions; Vote Shows Growing Concern Over Pension Crisis; Miller amendment would bar PBGC from terminating United’s pension plans

  17. Press Release -- June 15, 2005
    Miller, Joined by United Airlines’ Pensioners, Calls on Congress to Consider ‘Human Face’ of Pension Crisis as it Begins Rewriting Nation's Private Pension Laws

  18. Press Release -- June 14, 2005
    Thousands of United Airlines Retirees and Employees use First-Ever ‘E-Hearing’ to Tell Congress About Retirement Hardships; Over 2,000 Testimonies From Across America Demonstrate Need for Immediate Legislation to Protect Workers

  19. Press Release -- June 8, 2005
    Representative Miller Says Chairman Boehner’s Pension Funding Reform Act Does Not Offer Needed Reforms

  20. Press Release -- June 6, 2005
    Miller Calls for Release of Company Filings on Pension Underfunding; Miller Also Calls for Full Analysis of the Effect of Any New Pension Reform Legislation Prior to Congressional Action

  21. Press Release -- June 1, 2005
    Representative Miller Says New GAO Pension Report Again Confirms Need for Serious Reforms

  22. Press Release -- May 31, 2005
    Representative Miller Files Amicus Brief with District Court on Behalf of Association of Flight Attendants

  23. Press Release -- May 27, 2005
    Representative Miller to Extend Deadline on E-Hearing on United Airlines Pension Plans Due to Overwhelming Response; In Strong Sign of Issue’s Importance, More Than 1,000 United Employees and Retirees Have Provided Testimony So Far

  24. Press Release -- May 24, 2005
    Miller, Schakowsky Launch Unprecedented E-Hearing on United Airlines Pension Plans; Online Hearing is Believed to Be First of Its Kind; Witnesses Invited to Provide Testimony Via Email

  25. Press Release -- May 18, 2005
    Miller Calls on PBGC Chief to Hold Off on Taking Control of United Airlines Pension Plans; Sends Letter Requesting 6-Month Delay; A PBGC Takeover Would Mean Deep Cuts for Current and Future Retirees

  26. Press Release -- May 13, 2005
    In Aftermath of United Airlines Deal, New Legislation Would Impose 6 Month Moratorium on Transfer of Pensions to Federal Agency; Moratorium Intended to Give Congress Time to Sort Out Pension Mess

  27. Press Release -- May 10, 2005
    Miller Calls on Bankruptcy Court to Reject Pension Deal for United Airlines; With Senator Kennedy and Representative Schakowsky, Introduces Legislation to Address Inequities Between Executives’ and Rank-and-File Workers’ Pensions

  28. Press Release -- May 4, 2005
    Representative Miller Statement on Labor Department Letter to AFL-CIO

  29. Press Release -- April 28, 2005
    Republican Budget Will Impose $6.6 Billion Tax on Pension Plans, Says Miller

  30. Press Release -- April 6, 2005
    House Committee Agrees to Miller Request to Reveal Private Pension Underfunding

  31. Press Release -- March 2, 2005
    Private Pension and 401(K) Plans in Need of Serious Reform, Says Miller

  32. Press Release -- 2/7/2005
    President Bush Launches Attack on Private Pension Plans; Hits Nation's Weakest Pension Plans with a $12 Billion Tax Hike Over 5 Years

  33. Press Release -- 1/25/2005
    Miller Says GAO Announcement Confirms Congress and the President Have Ignored the Real Retirement Crisis -- Private Pensions

  34. Press Release -- 1/10/2005
    Representative Miller Statement on Administration's Pension Proposals

  35. Press Release -- 11/15/2004
    Miller Statement on Pension Benefit Guaranty Corporation Deficit

  36. Press Release -- 10/15/2004
    Halliburton's Pension Cuts Prompt Inquiry into Labor Department Role

  37. Press Release -- 10/8/2004
    Miller Bill Would Stop Executive Retirement Compensation for Five Years at Companies That Dump Under-Funded Pension Plans

  38. Press Release -- 9/24/2004
    Nearly 140 Lawmakers Call on United Airlines to Preserve Its Pension Plans

  39. Press Release -- 9/8/2004
    House Approves Miller Amendment to Give Public lnformation About Health of Private Pension Plans

  40. Press Release -- 7/7/2004
    Representative Miller Welcomes Ken Lay Indictment, Calls for Further Reforms

  41. Press Release -- 2/25/2004
    At Congressional Hearing, Representative Miller Calls for Real Pension Reform

  42. Press Release -- 1/28/2004
    Representative Miller Statement on Pension Bill Passed by Senate Today

  43. Press Release -- 1/15/2004
    PBGC's Record Deficit Offers Clear Proof of Need for Pensions Reform, Says Representative Miller

  44. Press Release -- 1/13/2004
    Statement by Representative George Miller on Anticipated $10 Billion Deficit To Be Announced by PBGC This Week

Statements, Summaries and Background Information
  1. Letter -- June 13, 2005 (pdf file)
    Letter from Congressman George Miller to Bradley Belt, Executive Director of the Pension Benefit Guaranty Corporation

  2. Letter -- May 26, 2005 (pdf file)
    Letter from Congressman George Miller to Bradley Belt, Executive Director of the Pension Benefit Guaranty Corporation

  3. Statement -- September 14, 2004
    Representative Miller Statement in Response to a Speech Tuesday by Chairman John Boehner on Pension Reform

  4. Pension Timeline -- August 20, 2004 (pdf file)
    Unfunded Pension Liabilities: Democratic Warnings / Republican Inaction As the Crisis Deepens

  5. Pension Chart -- August 20, 2004 (pdf file)
    Republicans Threaten Retirement Security of Americans by Repeatedly Failing to Act on Private Pension Underfunding

  6. Minority Views -- October 28, 2003
    ULLICO Investigation

  7. Statement -- October 8, 2003
    Statement by George Miller on the House Floor on H.R. 3108, the Pension Funding Equity Act of 2003

  8. Background Information -- September 4, 2003
    Miller Details History of Efforts to Get Committee and Administration to Examine and Respond to Pension Security and Defined Benefit Plans

  9. Statement -- September 4, 2003
    Statement of Steven A. Kandarian, Executive Director, Pension Benefit Guaranty Corporation Before the Committee on Education and the Workforce

  10. Report -- September 4, 2003 (pdf file)
    GAO Report on the Pension Benefit Guaranty Corporation; Single-Employer Pension Insurance Program Faces Significant Long-Term Risks

Dear Colleague Letters
  1. Dear Colleague Letter -- May 12, 2005
    Stop Companies from Unfairly Dumping their Pension Debts onto the Federal Government

  2. Dear Colleague Letter from Congressman Baird -- June 7, 2004
    Enron Traders Brag of Hoarding "Money Stolen from Grandmas"

  3. Dear Colleague Letter -- May 6, 2003
    “Pension Fairness Act” Requires Executives and Average Employees To Operate Under the Same Pension Rules

Articles
  1. Wall Street Journal Article -- October 8, 2004
    'Pension Fairness Act' Proposed To Freeze Some Executive Benefits

  2. New York Times Article -- September 14, 2004
    An Outsider's Grim Prognosis for Pension Agency

  3. Atlanta Journal-Constitution Editorial -- September 14, 2004
    Lift limits on pension fund info

  4. Wall Street Journal Article -- October 2, 2003
    Ruling Lets Enron Workers Sue Lay, Northern Trust Over Lost Savings

More information on Pensions, Corporate Accountability and Enron Available Here

 

U.S. House of Representatives Seal
Congressman George Miller
2205 Rayburn House Office Building
Washington, DC 20515
(202) 225-2095
George.Miller@mail.house.gov