John Kline: “I think your quote was, Mr. Picente, your quote was neither easy nor quick.”

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

There is nothing fair or excusable about a 75-year-old retiree with health care concerns finding out that the pension he was promised just isn't funded.

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.

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