John Kline: “If you always do what you've always done, you'll always get what you've always got.”

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

During the eight long years our team spent working to pass this bill, no topic was more hotly debated than that of annual testing. . . In the end, we arrived at a fair and sensible compromise in the law: Keep the requirement that the same…

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

If Congress does not reform the architecture of the multiemployer pension system, then it won't matter how much money we throw at this problem.