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House Proceeding on Apr 1st, 2009 :: 2:27:40 to 2:31:15
Total video length: 3 hours 27 minutes Stream Tools: Stream Overview | Edit Time

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Stephen F. Lynch

2:27:36 to 2:27:57( Edit History Discussion )

Stephen F. Lynch: should be positively received and voted for. i reserve thbalance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from new york. mr. towns: mr. speaker, i recognize one of the hardest working members in this body. the chairmanf the federal work force subcommittee, stephen lynch. the speaker pro tempore: the gentleman is recognized. mr. lynch: thank you very much

Stephen F. Lynch

2:27:40 to 2:31:15( Edit History Discussion )
Speech By: Stephen F. Lynch

Stephen F. Lynch

2:27:58 to 2:28:19( Edit History Discussion )

Stephen F. Lynch: for your kind words, mr. chairman. mr. speaker, i rise in support of both chairman towns, the gentleman from brooklyn, and also mr. skelton from missouri, in their endorsement of h.r. 1804. their sponsorship as well. this is the federal retirement reform act that includes enhancements to the thrift

Stephen F. Lynch

2:28:20 to 2:28:40( Edit History Discussion )

Stephen F. Lynch: savings plan as well as to other federal retirement programs. and i do so because i am in agreement with both those gentlemen that the t.s.p.'s official to federal employees must finally be allowed to catch up to private sector 401-k plans. given the thrift savings plans' integral role in providing

Stephen F. Lynch

2:28:41 to 2:29:02( Edit History Discussion )

Stephen F. Lynch: retirement income, security for federal employees, it's time for congress to adopt and extend the auto enrollment plan to t.s.p. participants. this legislation would allow the thrift savings plan to offer a roth option. both sides have talked about the impact of that. i think it's important to point

Stephen F. Lynch

2:29:03 to 2:29:24( Edit History Discussion )

Stephen F. Lynch: out that by having federal employees using this roth option, it is calculated that we will bring in approximately $2.2 billion in new taxes, new tax revenues, from federal contributions, there federal employees, over the next 10 years. this bill unlike a lot of other bills on this floor basically

Stephen F. Lynch

2:29:25 to 2:29:46( Edit History Discussion )

Stephen F. Lynch: pays for itself. mr. speaker, in my role as chairman of the federal work force postal service and district of columbia subcommittee, i believe that the federal government must ensur that it benefits -- that it benefits to retain and recruit the best and the brightest. towards that end i authored h.r. 1263, legislation that would

Stephen F. Lynch

2:29:47 to 2:30:07( Edit History Discussion )

Stephen F. Lynch: make improvements to the t.s.p. as well as to federal retirement programs. i have been pleased to work with both chairman towns and former chairman waxman on the issue, as well as my friend and colleague, jim moran, from virginia. .

Stephen F. Lynch

2:30:08 to 2:30:28( Edit History Discussion )

Stephen F. Lynch: this bill amends the federal re250eur789 system for time for credit for unused sick leave. they have called for crediting unused sick leave in the same way the civil service system treats unused sick leave. this fixes a csrs annuity calculation problem for those

Stephen F. Lynch

2:30:29 to 2:30:49( Edit History Discussion )

Stephen F. Lynch: who wish to phase down to part-time work at the end of their federal careers, an important option given the aging demographics of our federal workforce. at a time of an overall aging workforce in america and particularly aging workforce, the government must take the lead in addressing workplace realities.

Stephen F. Lynch

2:30:50 to 2:31:10( Edit History Discussion )

Stephen F. Lynch: i conclude my remarks by stating i give my full support to the civil service provisions on balf of the national active and retired federal services association. i would also like to make it clear that this new obligation, this is important, this new obligation does not result in an unfunded obligation for the civil service retirement and disability fund as current law

Stephen F. Lynch

2:31:11 to 2:31:15( Edit History Discussion )

Stephen F. Lynch: provides that new payments are fully funded. i am supporting an additional

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