John Kline: “I now yield 3 minutes to the gentleman from Oklahoma (Mr. Russell), a new member of the committee and someone who has…”

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

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

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.

We owe it to them to set aside our political differences and come to the table to find a bipartisan solution that secures their future.