Testimony on Private Sector Pension De-risking and Participant Protections

This document is about the testimony provided by Ilana Boivie of the Communications Workers of America on the impact of pension de-risking strategies, such as freezing benefits, annuity purchases, and lump sum distributions, on the retirement security of workers and retirees. Boivie expresses concerns about the erosion of traditional defined benefit pension plans and the risks shifted to employees and retirees through de-risking activities.