John Kline: “You have reported saving the government and taxpayers billions of dollars.”

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

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.

I cannot State emphatically enough that far-reaching reform, fiscal responsibility, and bipartisanship must be the principles that guide us as we work to solve this problem.