John Kline: “I think that action has helped secure the retirement of millions of workers and retirees, and you and the rest of the…”

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

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.

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.