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The Secretary of Labor’s Advisory Committee
on Employee Welfare and Pension Benefit Plans’ three working groups will
hold the fourth in a series of fact-gathering meetings on July 13 and 14. All
sessions will be held at the Department of Labor’s Frances Perkins
Building at 200 Constitution Avenue NW, Washington, DC, in Room S 4215 A-B.
The working group studying benefit implications of
the growth of a contingent workforce will take testimony from witnesses who
provide temporary staff to employers through the United States, including
persons representing associations of such providers. The session will be July
13 from 9:30 a.m. until approximately noon.
From 1:00 p.m. until approximately 4:00 p.m. on
July 13, the Advisory Council’s second working group will hear testimony
on the accessibility of surplus pension assets currently and on policy
considerations surrounding accessibility to such surpluses.
The third working group, studying trends in the
defined benefit market with a focus on employer-sponsored hybrid plans, will
meet July 14 from 9:30 a.m. until approximately noon and from 1:00 p.m. until
approximately 2:30 p.m. The day’s witnesses are expected to present a
range of opinions on the recent trend toward establishing such plans, including
cash balance plans.
Persons wishing to appear before any of the working groups or to
submit written testimony on any of the three topics for 1999 may do so by
contacting Sharon Morrissey, executive secretary of the Advisory Council, at
Room N5656, Department of Labor, 200 Constitution Avenue NW, Washington, DC
20210. Her direct telephone number is (202)219- 8921. If written testimony is
to be provided, submit 20 copies to Ms. Morrissey before July 7.
Persons with disabilities wishing to attend the
sessions and needing special accommodations, can also contact Ms. Morrissey by
July 7.
The ERISA Advisory Council advises the Secretary
of Labor on policies pertaining to the Employee Retirement Income Security Act
(ERISA) and other related legislation affecting employee benefit programs
provided by private sector employers. Each year the Advisory Council’s 15
members select topics of study and volunteer to serve on at least two of the
Advisory Council’s working groups. Their studies will result in reports
and/or recommendations to be completed by the end of the Advisory Council year
on Nov. 14. |
