130th Ohio General Assembly
The online versions of legislation provided on this website are not official. Enrolled bills are the final version passed by the Ohio General Assembly and presented to the Governor for signature. The official version of acts signed by the Governor are available from the Secretary of State's Office in the Continental Plaza, 180 East Broad St., Columbus.

S. C. R. No. 27  As Introduced
As Introduced

Corrected Version

129th General Assembly
Regular Session
2011-2012
S. C. R. No. 27


Senator Gentile 

Cosponsors: Senators Turner, Cafaro, Seitz, Schiavoni, Oelslager, Hughes, Tavares 



A CONCURRENT RESOLUTION
To declare the state of Ohio's support of its steelworkers in urging the President and the Congress of the United States to ensure that the Pension Benefit Guarantee Corporation is fully funded and properly administered to pay pension benefits to retired steelworkers and their spouses.


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


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

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

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

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

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

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

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

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

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

Please send questions and comments to the Webmaster.
© 2014 Legislative Information Systems | Disclaimer
Index of Legislative Web Sites