John Kline: “If Congress does not reform the architecture of the multiemployer pension system, then it won't matter how much money we…”

Thank you, Mr. Chairman. I thank the witnesses for being with us today. Excellent testimony, as we're trying to solve the problem that some of us have been dealing with for a long time.

Workers and retirees must have peace of mind when it comes to their hard-earned retirement benefits.

During the eight long years our team spent working to pass this bill, no topic was more hotly debated than that of annual testing. . . In the end, we arrived at a fair and sensible compromise in the law: Keep the requirement that the same…

At the end of the day, it will be America's poorest neighborhoods that are impacted the most, and that is the last thing we intended as Congress when it passed the Every Student Succeeds Act.