United States Senate Special Committee on Aging
Hearings

SHORTCHANGED: Pension Miscalculations

June 16, 1997



The committee will seek to expose the problem of pension miscalculations. Currently few people check to make sure the pension they receive is correct. Grassley has expressed concern that pension shortchanges can jeopardize retirees' income security. Pensions, along with Social Security and private savings, help to form the three pillars of income security for retirees. Even small miscalculations can dramatically affect retirees on fixed incomes. The committee will look for ways to expose this hidden problem, educate people on the steps they can take to protect themselves, and empower people with the tools they need to protect their pension benefits.

Date: June 16, 1997
Time: 2:00 pm
Room: 628 Dirksen


Statements of Committee Members

  1. Senator Chuck Grassley, Chairman, Iowa
  2. Senator John Breaux, Ranking Member, Louisiana

Witness Testimony Panel 1

  1. Edwin Witort, retired from Castle Metals, Hot Springs, AR

  2. Paul Francione, retired from Pan Am Airlines, Tuscon, AZ


Witness Testimony Panel 2

  1. Edgar Pauk, Deputy Director, Legal Services for the Elderly, New York, NY (written statement not available)

  2. Paul Holzman and Allen Engerman, Co-founders, National Center for Retirement Benefits, Inc., Northbrook, IL (written statement not available)


Witness Testimony Panel 3

  1. Karen Ferguson, Director, and Trip Reid, Coordinator of Technical Assistance Project, Pension Rights Center, Washington, DC (written statement not available)

  2. Thomas Walker, President, Associated Benefits Corporation, West Des Moines, IA (written statement not available)

Hearing Publications

  • Committee on Aging Print: 105-06