John Kline: “I think that there is a universal recognition that we have a problem.”

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.

As Chairman Kline himself explained when the regulation was proposed, it threatens to impose a multibillion regulatory tax on schools across the country.

Chairman Kline's plan, composite plan will provide lifetime retirement income based on pool longevity, similar to defined benefit 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.