John Kline: “I am very pleased to yield 4 minutes to another distinguished member of the committee, the gentleman from South Carolina…”

Republicans and Democrats have a history of bipartisan cooperation on this issue.

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

It could have a combination of tuition increases, service reductions, and possibly layoffs.

This regulatory scheme is an attempt to accomplish something Congress specifically chose not to do.