Y 4. L11/4: 5. hrg. 48.83

S. HRG. 98-852

MULTIEMPLOYER PLAN TERMINATION INSURANCE
REFORM ACT OF 1984

HEARINGS

BEFORE THE

SUBCOMMITTEE ON LABOR

OF THE

COMMITTEE ON

LABOR AND HUMAN RESOURCES
UNITED STATES SENATE

NINETY-EIGHTH CONGRESS

SECOND SESSION

ON

S. 2329

TO AMEND THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF
1974 AND THE INTERNAL REVENUE CODE OF 1954 TO IMPROVE RE-
TIREMENT INCOME SECURITY UNDER PRIVATE MULTIEMPLOYER
PENSION PLANS AND TO REMOVE UNNECESSARY BARRIERS TO EM-
PLOYER PARTICIPATION IN THOSE PLANS BY MODIFYING THE RULES
RELATING TO EMPLOYER WITHDRAWAL LIABILITY, ASSET SALES,
AND FUNDING, AND FOR OTHER PURPOSES

Printed for the use of the Committee on Labor and Human Resources

35-827 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1984

CONTENTS

STATEMENTS

THURSDAY, MAY 10, 1984

American Bakers Association, prepared statement

Brown, Ben J., executive vice president, Council on Multiemployer Pension

Security, prepared statement....

Houston, James C., vice president of administration, ITT Continental Baking

Co., Rye, NY, representing the American Bakers Association; John P. Ska-

gerberg, vice president, Goodin Co., Minneapolis, MN, representing the

American Supply Association; and Jack G. Rentschler, vice president and

co-owner, Indianapolis Freightliner-White, Sioux Falls, SD..

Prepared statement

King, James A., director of industrial relations services, Borden, Inc., Colum-

bus, OH; appearing on behalf of the National Association of Manufacturers;

F. Patricia Callahan, director of employee benefits, National Association of

Manufacturers; and Chester W. Nosal, law firm of Winston & Strawn,

Washington, DC..

Switzer, Frederick M., III, Esq., Fordyce & Mayne, P.C., Donald K. Rose,
president, Associated Grocers' Co. of St. Louis, MO; Ronald I. Tisch, Esq.,
and Benjamin E. Goldman, Esq., partners of Memel, Jacobs, Pierno &
Gersh, Washington, DC, representing the Wine and Spirits Wholesalers of
America.....

Prepared statement

Tisch, Ronald I., and Benjamin E. Goldman, partners, law firm of Memel,
Jacobs, Pierno & Gersh, prepared joint statement....

Zimmerman, Bryant K., Esq., senior vice president and chief legal officer,

Guy F. Atkinson Co. of California, and chairman of the Council on Multi-

employer Pension Security, Inc.; and Ben J. Brown, the council's executive

vice president, Washington, DC

Prepared statement (with attachments).

American Academy of Actuaries, prepared statement..
American Meat Institute, prepared statement

THURSDAY, MAY 17, 1984

333

331

American Warehouse Association, prepared statement....

Bell, Paul G., president, P.G. Bell Co., the Associated General Contractors of

America, accompanied by Richard Soper; and Peter H. Turza, Esq., Gibson,

Dunn & Crutcher, Associated Specialty Contractors, Inc., accompanied by

Robert White, National Electrical Contractors Association

324

233

Prepared statement

235

Foodservice & Lodging Institute, prepared statement...

French, George R., Jr., on behalf of the Private Carrier Conference, Inc.,

prepared statement....

328

303

Hankin, Jerome, president, Hankin Transportation Personnel, Inc., represent-
ing the Driver Leasing Council of America, prepared statement...

Holmes, Houston E., Jr., vice president, secretary, and general counsel,

Cullum Cos., Inc., prepared statement..

290

221

Lewis, Lawrence A., president, Commercial Cartage Co., prepared statement..
Marcoux, Charles R., president and chief operating officer, Leaseway Trans-
portation Corp., prepared statement...

120

177

Masterson, Joe A., chairman of the board, Terson Co., Inc., prepared state-

ment...

317

(III)