I also rise to associate myself with the comments of the managers and am pleased to know it is their intent that the use of not-for-profit servicers continues and that not-for-profit servicers will be permitted to compete in the future for additional accounts.
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Thank you, Mr. Chairman. I thank the witnesses for being with us today. Excellent testimony, as we're trying to solve the problem that some of us have been dealing with for a long time.
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.
Composite plans are not intended to replace defined benefit plans, but are intended to be an alternative to the 401(k) defined contribution plan.
No one voted for me in less than 35 days, and I would afford employees the same opportunity to be able to make an informed decision with regard to choosing their union representation.
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