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Employee Benefits Security Administration

Media Release

Release Date: 10/25/2001
Release Number: 01-392
Phone Number: 202.219.8921

Secretary Chao Announces Date Of Saver Summit 2002
Event Will Provide Expertise, Encourage Americans To Save

Washington, DC - U.S. Secretary of Labor Elaine L. Chao today announced that the second National Summit on Retirement Savings will be held February 27 to March 1, 2002 at the Capital Hilton Hotel in Washington, DC.

“The 21st Century workforce is more mobile than ever before. One of the most important challenges facing America’s 21st century workforce is understanding the need to prepare for a secure financial future,” said Chao. “With American workers taking more personal responsibility in saving for their own retirement, it is essential that they be empowered with all the necessary information to be wise investors and stewards of their own resources.”

“This Summit is an opportunity to promote ways to encourage Americans to save for a secure future. Together we can achieve this goal,” said Chao.

Under the SAVER Act of 1997, the secretary of labor is responsible for planning and convening three National Summits on Retirement Savings. The first Summit was held in June 1998. The secretary is planning the Summit in consultation with other federal departments, agencies and private-sector businesses and associations. These groups are partners with the government in promoting long-term financial security in retirement through savings.

The agenda for the Summit will be published in the Federal Register later this year.

People interested in becoming delegates to the Summit should contact their Congressional representatives or the White House. The secretary has requested that congressional leaders send their delegate selections to the department by November 15, 2001.

U.S. Department of Labor news releases are accessible on the Internet. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the Central Office for Assistive Services and Technology. Please specify which news release when placing your request. Call 202.693.7773 or TTY 202.693.7775.