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The Secretary of Labor’s Advisory Committee
on Employee Welfare and Pension Benefit Plans will hold meetings for its three
working groups on Oct. 5 and 6. All sessions will be held in Room N3437 A-B at
the Department of Labor’s Frances Perkins Building at 200 Constitution
Avenue NW, Washington, DC.
The working group studying benefit implications of
the growth of a contingent workforce will begin drafting its final report for
the Secretary of Labor at the 9:30 a.m. until approximately noon session on
Oct. 5.
From 1:00 p.m. until approximately 3:30 p.m. on
Oct. 5, the second working group will meet to review its final report draft
which is expected to include recommendations regarding the possibility of using
surplus pension assets to secure retiree health benefits.
The third working group, studying issues trends in
the defined benefit market with a focus on employer-sponsored hybrid plans,
will meet June 9 from 9:30 a.m. until approximately noon on Oct. 6.
Although the group expects to spend the majority of its session drafting its
final report/recommendations, it is anticipated that there may be final
witnesses scheduled to address further issues involving transition and employee
disclosures when a traditional defined benefit plan converts to a cash balance
plan .
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, 20 copies must be provided to Ms.
Morrissey before Sept. 30.
Persons with disabilities wishing to attend the
sessions and needing special accommodations, can also contact Ms. Morrissey by
Sept. 30.
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 on or before the end of the Advisory
Council year, which is Nov. 14. |
