IV 
114TH CONGRESS 
1ST SESSION 
H. RES. 41 
Expressing the sense of the House of Representatives that the Federal Gov-
ernment should not bail out State and local government employee pension 
plans or other plans that provide post-employment benefits to State 
and local government retirees. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 21, 2015 
Mr. CHAFFETZ submitted the following resolution; which was referred to the 
Committee on Education and the Workforce 
RESOLUTION 
Expressing the sense of the House of Representatives that 
the Federal Government should not bail out State and 
local government employee pension plans or other plans 
that provide post-employment benefits to State and local 
government retirees. 
Whereas the Federal Government is operating at an annual 
deficit and is increasing its outstanding debt every year; 
Whereas the Federal Government, as of January 2015, is 
carrying more than $18.0 trillion in debt, of which $13.0 
trillion is owed to the public and $5.08 trillion is owed 
to Social Security and other trust funds; 
Whereas the Federal Government borrowed 14 cents for 
every dollar it spent in 2014; 
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•HRES 41 IH 
Whereas foreign governments, individuals, and corporations 
as of October 2014 own 47 percent of Federal debt held 
by the public; 
Whereas Social Security’s unfunded liabilities in 2014 are 
$10.6 trillion over 75 years and $24.9 trillion over the in-
finite horizon; 
Whereas the Federal debt held by the public is expected to 
increase by more than $7 trillion from 2014 to 2024 ac-
cording to the Congressional Budget Office; 
Whereas State and local governments are heavily dependent 
on Federal revenues; 
Whereas more than 16 percent of the entire Federal budget 
goes directly to States and local governments; 
Whereas more than 22 percent of total State and local gov-
ernment general revenue comes from the Federal Govern-
ment according to Census Bureau’s latest Annual Survey 
of State and Local Government Finance; 
Whereas numerous State and local government employee pen-
sion plans have offered overly generous retirement bene-
fits to its employees and are in dire financial situations 
with combined unfunded liabilities of more than $4 tril-
lion; 
Whereas many State and local government pension plans 
have understated liabilities and overstated asset growth 
rates and have employed methodologies that private sec-
tor plans are prohibited from using by Federal law; and 
Whereas several State and local pension plans are expected 
to fully exhaust their funds within ten years: Now, there-
fore, be it 
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•HRES 41 IH 
Resolved, That it is the sense of the House of Rep-
resentatives that— 
(1) the Federal Government should not bailout 
State and local government employee pension plans 
and other post-employment benefit plans; and 
(2) State and local governments should imme-
diately institute reforms to their employee pension 
plans, including replacing defined benefit plans with 
defined contribution plans. 
Æ 
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