John Kline: “The recently passed Patient Protection and Affordable Care Act is riddled with bad economic policy.”

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

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

Now we have an overtime rule that will do more harm than good, particularly for lower-income workers and younger Americans.

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