On the recordMay 9, 2014
I claim the time in opposition to the amendment. The Acting CHAIR (Mr. Poe of Texas). The gentleman from Minnesota is recognized for 5 minutes.
I claim the time in opposition to the amendment. The Acting CHAIR (Mr. Poe of Texas). The gentleman from Minnesota is recognized for 5 minutes.
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Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
There is nothing fair or excusable about a 75-year-old retiree with health care concerns finding out that the pension he was promised just isn't funded.