The U.S. Chamber expressed its support for the Public Employee Pension Transparency Act introduced by Representatives Devin Nunes (R-CA), Paul Ryan (R-WI), Darrell Issa (R-CA), and Lamar Smith (R-TX). The Act would require that state and local government pension plans report to the Secretary of the Treasury the funded status of those plans, and that the information be made publicly available via a searchable website. At a press conference with members of Congress today, Randy Johnson, the Chamber’s senior vice president of Labor, Immigration, and Employee Benefits said, “The unfunded liabilities of state and local government pension plans has reached crisis proportions with no solution in sight. Unfortunately, the one solution governments may turn to as a source of funding is further taxation on private sector employers and workers. Fur Read the whole story…