Professor Testifies Before Senate on Pension Funding Crisis

The following is a testimony delivered on October 29, 2009 before the Senate Committee on Health, Education, Labor, and Pensions by Ron Gebhardtsbauer, faculty-in-charge of the actuarial science program at Penn State’s Smeal College of Business. The topic of the hearing was helping workers preserve retirement security through a recession.

Gebhardtsbauer has more than 30 years of experience in actuarial science. Before joining Smeal in 2008 to direct the Actuarial Science Program, he was senior benefits adviser to the U.S. Senate Committee on Finance. Prior to his service with Congress, Gebhardtsbauer spent nearly 12 years as senior pension fellow with the American Academy of Actuaries. He also spent eight years as the chief actuary for the Pension Benefit Guaranty Corp.

Gebhardtsbauer_Pension_Funding_Crisis_2009

Visit this link for a video of Gebhardtsbauer's testimony. It begins at the 110:25 mark.