On the recordMarch 10, 2011
I understand there is an alternative in the regulation that was supposed to address this, why isn't that good enough?
Source
congress.govI understand there is an alternative in the regulation that was supposed to address this, why isn't that good enough?
Kline questions the adequacy of regulatory alternatives regarding credit hours.
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This regulatory scheme is an attempt to accomplish something Congress specifically chose not to do.
It is like an indictment of a lot of people in an oversight role and a management role.
Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
If Congress does not reform the architecture of the multiemployer pension system, then it won't matter how much money we throw at this problem.