John Kline: “Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k)…”

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

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.

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.

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…