John Kline: “Why should we have to go through all that effort, time and expense just to be able to act like an actual state?”

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.

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.