John Kline: “Thank you, Mr. Chairman, for holding this hearing. It is indeed not only important but a critical subject for us to…”

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

Former Chairman John Kline, while recognizing that the overtime threshold should be responsibly reformed, called the administration's drastic move extreme and partisan.

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

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.