Senate Proceeding 07-22-09 on Jul 22nd, 2009 :: 4:03:20 to 4:08:19
Total video length: 5 hours 41 minutes Stream Tools: Stream Overview | Edit Time

Note: MetaVid video transcripts may contain inaccuracies, help us build a more perfect archive

Views:28 Duration: 0:04:59 Discussion

Previous speech:

Next speech:

4:03:19 to 4:03:39( Edit History Discussion )

Don Cazayoux: floor. a senator: mr. president? the presiding of senator from michigan. mr. levin: i ask unanimous consent after the remarks senator from senator go into a period of morning business with senator murray to be recognized first for ten minutes. the presiding officer: without

4:03:20 to 4:08:19( Edit History Discussion )
Speech By: Don Cazayoux

4:03:40 to 4:04:01( Edit History Discussion )

Don Cazayoux: objection, so ordered. mr. levin: and other members of the body could then speak for up to ten minutes after senator murray. the presiding officer: without objection. the senator from hawaii.

4:04:02 to 4:04:22( Edit History Discussion )

Don Cazayoux: mr. aka: i rise to speak to amendment to s. 1390. i am hopeful there will be a time to which enhances the retirement security of federal employees and address inequities in the system. as chairman of the subcommittee

4:04:23 to 4:04:43( Edit History Discussion )

Don Cazayoux: oversight of government management, the federal workforce and the district of columbia, i am proud to join with senators collins, lieberman, voinovich, murkowski, begich, kohl, car cardin, inouye, in

4:04:44 to 4:05:04( Edit History Discussion )

Don Cazayoux: this bipartisan amendment. each of these provisions is much need. and has been thoroughly debated with the appropriate committees in the house and senate. many changes were requested by the administrators of the retirement plans and are strongly supported by many organizations. the list of supporters is too

4:05:05 to 4:05:25( Edit History Discussion )

Don Cazayoux: long to read here but it includes every major federal employee union, postal unions, supervisors and postmasters, the federal law enforcement officers association and government managers groups and most

4:05:26 to 4:05:49( Edit History Discussion )

Don Cazayoux: important to my home state of hawaii provides retirement equity to federal employees in hawaii, alaska and the territories. more than 23,000 federal employees more than 17,000 defense department employees, and another 30,000 federal employees

4:05:50 to 4:06:12( Edit History Discussion )

Don Cazayoux: in alaska, and the territories, currently receive a cost of living allowance which is not xed and does not count for retirement. because of this, workers in a none territory retire with significantly lower annuities

4:06:13 to 4:06:33( Edit History Discussion )

Don Cazayoux: than their counterparts in washington, d.c. with cola rates scheduled to go down along with the pay of nearly 50,000 federal employees if we did not provide this fix. in 2007, i introduced a nonforeign area retirement equity assurance act.

4:06:34 to 4:06:54( Edit History Discussion )

Don Cazayoux: the bill passed the senate by unanimous connt in october of 2008. unfortunately, the house did not have time to consider the bill before adjournment. i reintroduced s. 507, which is included in the amendment, with senators murkowski, inouye, and begich.

4:06:55 to 4:07:15( Edit History Discussion )

Don Cazayoux: it is nearly identical to the bill that passed the senate last year. it is a bipartisan effort to transition employees in hawaii, alaska, and the territories to the same used in the rest of the united states while protecting

4:07:16 to 4:07:38( Edit History Discussion )

Don Cazayoux: employees' take home pay. the measure passed to committee on april 1, 2009. the second provision i want to highlight correct how employees' annuities are calculated for part-time service under the civil ser retirement system.

4:07:39 to 4:07:59( Edit History Discussion )

Don Cazayoux: this provision removes the disincentive that now discourages federal employees near retirement from working on a part-time basis while phasing into retirement. it would treat federal employees under treated under the newer federal

4:08:00 to 4:08:20( Edit History Discussion )

Don Cazayoux: employer retirement system. the discuss would allow fers participants topply their own used sick leave to their length of service for computing retirement annuities as is done for csrs employees. the congressional research