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112338 1 (1980-05-08)

handle is hein.gao/gaobacuqr0001 and id is 1 raw text is: 
                                                        /3  775

                   PE.AKS OF JOSEPH F., DAl Y. ESt IRE

                     U.S. GE ERL ACCOUNTING OFFICE



                     PENSION C(IlSSION CLEPRIN(OUSE

                 CNFERENCE ON STATE         CON TISSIONS







     I AM PLEASED TO BE HERE TODAY TO DISCUSS WITH YOU THE GENERAL
ACCOUNTING OFFICE REPORT,   UNDING OF STATE AND LOCAL GOVERNMENT PENSION
PLANS   A NATIONAL PROBLEM)'  I WILL TOUCH BRIEFLY ON WHY WE UNDERTOOK
THIS STUDY AND HOW WE CARRIED IT OUT. BUT MAINLY; I WILL TALK ABOUT
WHAT WE FOUND OUT AND OUR CONCLUSIONS AND RECOMMENDATIONSI

     CONGRESS HAS LONG BEEN CONCERNED ABOUT THE CONDITION OF STATE AND
LOCAL PENSION PLANS,  THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974 CALLED FOR STUDIES OF WHETHER SIMILAR LEGISLATION WAS NEEDED FOR
PUBLIC PENSION PLANs.  SINCE THEN, A NUER   OF BILLS HAVE BEEN INTRODUCED
TO REGUATE  STATE AND LOCAL PENSION PLANS, THE LATEST PROPOSAL BEING
1.R. 6525,  INTRODUCED IN FEBRUARY BY CONGRESSMEN THOMPSON AND ERLENBORN.

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