John Kline: “We need to fix this.”

Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.

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.

Republicans and Democrats have a history of bipartisan cooperation on this issue.