The 2014 Pension 40: John Kline

The 2014 Pension 40: Ranked12th

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< The 2014 Pension 40: The Battle Is On

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John Kline
U.S. Representative
Minnesota
PNR

John Kline came to his congressional pension oversight role almost by accident. After 25 years in the Marine Corps, Kline — a helicopter pilot in Vietnam and Somalia who transported Ronald Reagan in Marine One and carried the “nuclear football” (a briefcase containing the top-secret options and codes) in the early ’80s — was elected to the U.S. House of Representatives in 2002 from Minnesota’s Second District. He served on the Armed Services Committee, but when then-chairman of the House Committee on Education and the Workforce, current Speaker John Boehner, asked Kline to join him there, “at his insistence I came on.” As the senior Republican on the health, employment, labor and pensions subcommittee, Kline helped frame the Pension Protection Act of 2006. In 2010 he succeeded Boehner as chairman of the full committee. “I’m working on all sorts of education-related issues,” Kline, 67, says, “but pensions don’t want to let go.” The No. 1 pension issue, he contends, is how to address underfunded multiemployer plans. “I would love to get that solved in the lame-duck session,” he says. “I’m pushing as hard as I can.” Kline supports Randy DeFrehn’s (No. 6) “Solutions Not Bailouts” agenda and has been pressing Assistant Labor Secretary Phyllis Borzi (No. 15) to slow her ongoing efforts to apply a fiduciary standard to providers of investment advice. He believes extending the more rigorous standard from advisers to fund salespeople “will make it difficult for smaller investors to get the advice they need.”


The 2014 Pension 40

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Bruce Rauner
Illinois
John and
Laura Arnold

Laura and John
Arnold Foundation
Randi Weingarten
American Federation of Teachers
Rahm Emanuel
Chicago
David Boies
Boies, Schiller & Flexner
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Randy DeFrehn
National Coordinating Committee for Multiemployer Plans
Damon Silvers
AFL-CIO
Laurence Fink
BlackRock
Chris Christie
New Jersey
Robin Diamonte
United Technologies Corp.
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Ted Eliopoulos
California Public Employees’ Retirement System
John Kline
Minnesota
J. Mark Iwry
U.S. Treasury Department
Gina Raimondo
Rhode Island
Phyllis Borzi
U.S. Labor Department
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Orrin Hatch
Utah
Abigail Johnson
Fidelity Investments
Ted Wheeler
Oregon
Caitlin Long
Morgan Stanley
James Hoffa
International Brotherhood of Teamsters
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Amy Kessler
Prudential Financial
Alejandro
García Padilla

Puerto Rico
Christopher Klein
U.S. Bankruptcy Court for the Eastern District of Caifornia
Steven Rhodes
Bankruptcy Court for the Eastern District of Michigan
Kevin de León
California
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David Draine
Pew Charitable Trusts
Jordan Marks
National Public Pension Coalition
Sam Liccardo
California
Joshua Rauh
Stanford Graduate School of Business
Karen Ferguson and Karen Friedman
Pension Rights Center
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Timothy Blake
Moody’s Investors Service
Kathleen Kennedy Townsend
Center for Retirement Initiatives, Georgetown University
Edward (Ted) Siedle
Benchmark Financial Services
Daniel Loeb
Third Point
Judy Mares
Employee Benefits Security Administration, U.S. Labor Department
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Andrew Biggs
American Enterprise Institute
Andy Stern
Columbia University
Kenneth Mehlman
KKR & Co.
Teresa Ghilarducci
New School for Social Research
A. Melissa Moye
U.S. Treasury Department

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