James A. Klein , president of the American Benefits Council, today...

James A. Klein, president of the American Benefits Council, today told a Senate panel that Congress must make changes in the pension funding rules this year and also sanction the legality of hybrid pension plans. "While the debate over Social Security may be mired in political and substantive disagreements, there should be wide bipartisan agreement that to the extent the private retirement system is not as strong as it should be, the pressure on Social Security to ensure retirement income will be even greater," Mr. Klein said at a hearing of the Senate Special Committee on Aging.