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Employee Benefits Security Administration

EBSA Federal Register Notice

National Summit on Retirement Savings [02/22/2006]

[PDF Version]

Volume 71, Number 35, Page 9155-9156

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DEPARTMENT OF LABOR

Employee Benefits Security Administration

 
National Summit on Retirement Savings

AGENCY: Employee Benefits Security Administration, Labor.

[[Page 9156]]


ACTION: Notice of meeting.

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SUMMARY: This document provides notice of the agenda for the national 
Summit on Retirement Savings, as called for by the Savings Are Vital 
for Everyone's Retirement (SAVER) Act, which amends Title I of the 
Employee Retirement Income Security Act of 1974.

DATES: The National Summit on Retirement Savings will begin on the 
morning of March 1, 2006 and end in the afternoon of March 2, 2006.

ADDRESSES: The Summit will be held at the Willard Intercontinental 
Hotel, 1401 Pennsylvania Avenue, NW., Washington, DC 20004.

FOR FURTHER INFORMATION CONTACT: Wendy Gehring, Office of the 
Secretary, U.S. Department of Labor, Room S 2000, (202) 693-6000, or 
Mary Jost, Senior Director of the Education, International Foundation 
of Employee Benefits Plans, 18700 West Bluemound Road, P.O. Box 69, 
Brookfield, WI 53008-0069, (262) 786-6700. These are not toll free 
numbers.

SUPPLEMENTARY INFORMATION: On November 20, 1997, the President signed 
Public Law 105-92 (1997) the ``Savings Are Vital to Everyone's 
Retirement Act'' (SAVER). The SAVER legislation is aimed at advancing 
the public's knowledge and understanding of the importance of 
retirement savings by: (1) Providing a bipartisan National Summit on 
Retirement Savings co-hosted by the President and the Congressional 
Leadership in the House and Senate; and (2) establishing an ongoing 
educational program coordinated by the Department of Labor. The Summit 
will be held March 1st and 2nd, 2006 in Washington, DC. The purpose of 
the Summit is to: (1) Increase public awareness of the value of 
personal savings for retirement, (2) advance the public's knowledge and 
understanding of retirement savings and its importance to the well 
being of all Americans, (3) facilitate the development of a broad-
based, public retirement savings education program, (4) identify the 
barriers faced by workers who want to save for retirement, (5) identify 
the barriers which employers, especially small employers, face in 
assisting their workers in accumulating retirement savings, (6) examine 
the impact and effectiveness of individual employers who promote 
personal savings and retirement savings plan participation among their 
workers, (7) examine the impact and effectiveness of government 
programs at the Federal, State, and local levels to educate the public 
about retirement savings principles, (8) develop recommendations for 
governmental and private sector action to promote pensions and 
individual retirement savings, and (9) develop recommendations for the 
coordination of Federal, State, and local retirement savings education 
initiatives. The Agenda for the National Summit on Retirement Savings 
follows.
    This agenda is subject to change.

Draft Agenda

National Summit on Retirement Savings

March 1-2, 2006

``Saving for Your Golden Years: Trends, Challenges and Opportunities''
Day 1--Wednesday, March 1, 2006
 Registration/Continental Breakfast.
 Opening Plenary Session.
    Welcome and Opening Remarks, Secretary of Labor Elaine L. Chao.
    Overview and Introduction, Assistant Secretary of Labor Ann L. 
Combs, Employee Benefits Security Administration.
    Review of Previous Summits and Current Status of Retirement 
Savings, Dr. Sylvester Schieber, U.S. Director of Benefits Consulting, 
Watson Wyatt Worldwide.
 Four Concurrent Breakout Sessions.

    Delegates will work in one of four teams to examine the challenges 
facing four distinct groups discussing ways to reach them with 
retirement savings messages and recommending solutions to assist them 
in overcoming their savings obstacles. The Summit will address the 
central issues facing real workers and real families. The groups to be 
examined are:

    Group A: Low-Income Workers.
    Group B: Small Business Employees.
    Group C: New Entrants to the Workforce.
    Group D: Workers Nearing Retirement.
 Lunch.
    The Honorable Donald L. Evans, CEO, the Financial Services Forum
    Keynote Speaker--Mr. Ben Stein; Actor, Author, Economist, Lawyer, 
Teacher, Expert on Finance.
 Four Concurrent Breakout Sessions.
 Congressional Reception and Dinner.
    Remarks by Members of Congress [invited]:
    The Honorable William Frist, MD, Majority Leader, United States 
Senate.
    The Honorable John Boehner, Majority Leader, United States House of 
Representatives.
    The Honorable Michael Enzi, Chairman, Senate Committee on Health, 
Education, Labor and Pensions.
    The Honorable Edward Kennedy, Ranking Member, Senate Committee on 
Health, Education, Labor and Pensions.
Day 2--Thursday, March 2, 2006
 Breakfast with Congressional Speakers [invited].
    The Honorable Charles Grassley, Chairman, Senate Finance Committee.
    The Honorable Michael Oxley, Chairman, House Financial Services 
Committee.
 Keynote Speaker.
    The Honorable Richard B. Cheney, Vice President of the United 
States of America.
 Four Concurrent Breakout Sessions.
 Plenary Session--Reports from the Breakout groups.
 Luncheon and Closing Plenary Session.
    Closing Remarks, Secretary Elaine L. Chao.

    Signed at Washington, DC, this 15th day of February, 2006.
Ann Combs,
Assistant Secretary of Labor, Employee Benefits Security 
Administration.
 [FR Doc. E6-2489 Filed 2-21-06; 8:45 am]

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