John Kline: “Students and their families need lasting solutions, not employ promises and short-term initiatives that kick the can…”

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.

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.

Part of the way we need to approach these solutions is to adopt reforms that address the structural flaws within the plans.

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