But the statute we think is pretty clear. And because there is so much confusion out there, and there is the uncertainty and arguably the inability to comply, we are hopeful that you will commit sooner rather than later to a delay of this rule change.
Kline emphasizes the need for clarity and compliance regarding the new rule.
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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.
The Department of Labor chose once again to take an extreme, partisan approach that will hurt the very people they claim they want to help.
You can trust that we will abide by the letter of the law as we move forward.
Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
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