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As a member of the influential
"Several thousand current and retired
"In addition to the human tragedy of allowing another 1.3 million workers and retirees to fall into poverty, everyone would be affected by the resulting damage to the economy.
The bill Evans is co-sponsoring would save these retirees' and workers' benefits through a private-public partnership. It would allow private investors to buy highly attractive, long-term
A new office within the
The loan proceeds would have to be invested in low-risk investments, like an annuity or a fixed income investment. Additional assistance would be available to those plans that need it.
"I want to emphasize that this would not be a bailout. These plans would be required by law to pay back the loans -- the federal government would simply backstop the risk, and workers wouldn't have to go without their pensions while pension administrators struggle to shore up their long-term financial security.
"Workers built America. They deserve a deal at least as good as
Evans represents the