"[T]he proposal seeks to codify the 'composite' model developed by the National Coordinating Committee for Multiemployer Plans aimed at combining key features of defined benefit and defined contribution plans, and avoiding sliding into funding imbalance.... A Joint Statement by AARP, along with several unions and pension rights organizations, expressed opposition ... [and concern] that the move to composite plans would continue to allow underfunded plans to cut retiree pensions, and that pensions under the new composite arrangements would not be guaranteed."  MORE >>