Supporters of pension funds argued before Congress that the plans play a critical role in ensuring retirement security and stimulating the economy.

At a recent meeting of the Joint Economic Committee, witnesses testified that pension funds also provide long-term, patient investment capital for businesses, technology and medical advancements. The hearing was called “Your Money, Your Future: Public Pension Plans and the Need to Strengthen Retirement Security and Economic Growth” and was organized by Sen. Bob Casey (D-PA).

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