Proposed Regulation Relating to Definition of Plan Assets;
Participant Contributions [01/24/1996]
Volume 61, Number 16, Page
1879-1880=======================================================================
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DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
29 CFR Part 2510
Proposed Regulation Relating to Definition of Plan Assets;
Participant Contributions
AGENCY: Pension and Welfare Benefits Administration, Department of
Labor.
ACTION: Notice of rescheduling of date for public hearing.
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SUMMARY: This document reschedules the date for a public hearing on the
proposed rule under Title I of the Employee Retirement Income Security
Act of 1974, as amended, 29 U.S.C. 1001-1461 (the Act), relating to
revision of the definition of when certain monies which a participant
pays to, or has withheld by, an employer for contribution to an
employee benefit plan are ``plan assets'' for purposes of Title I of
the Act. The proposed rule was set forth in a notice of proposed
rulemaking published in the Federal Register at 60 FR 66036 (December
20, 1995).
DATES: The public hearing on this proposed rule is rescheduled to
Thursday, February 22, 1996, and, if necessary based on the volume of
requests by the public to testify, to Friday, February 23, 1996. The
hearing will begin at 10:00 a.m. on both days.
ADDRESSES: Written requests to present public testimony concerning the
proposed rule should be submitted by February 14, 1996 to: Pension and
Welfare Benefits Administration, Room N-5669, U.S. Department of Labor,
200 Constitution Ave., N.W., Washington, DC 20210. Attention: Proposed
Participant Contribution Regulation. All submissions will be open to
public inspection at the Public Documents Room, Pension and Welfare
Benefits Administration, U.S. Department of Labor, Room N-5638, 200
Constitution Ave., N.W., Washington, DC 20210. The rescheduled hearing
on the proposed regulation will be held in Room N-3437 A and B, 200
Constitution Ave., N.W., Washington, DC 20210.
FOR FURTHER INFORMATION CONTACT:
Rudy Nuissl, Office of Regulations and Interpretations, Pension and
Welfare Benefits Administration, U.S. Department of Labor, Rm N-5669,
200 Constitution Ave., N.W., Washington, DC 20210 (telephone (202) 219-
7461) or William W. Taylor, Office of the Solicitor, Plan Benefits
Security Division, U.S. Department of Labor, Rm N-4611, 200
Constitution Ave., N.W., Washington, DC 20210 (telephone (202) 219-
9141). These are not toll-free numbers.
SUPPLEMENTARY INFORMATION: On December 20, 1995, the Department of
Labor (the Department) published a notice of proposed rulemaking in the
Federal Register (60 FR 66036) which would revise the definition of
when certain monies which a participant pays to, or has withheld by, an
employer for contribution to an employee benefit plan are ``plan
assets'' for purposes of Title I of the Act. In that notice the
Department scheduled a public hearing with respect to the proposal, to
be held on January 24 and January 25, 1996, and invited interested
persons to submit written requests to testify at the hearing.
The Department has received requests from some members of the
public for additional time for preparation of testimony on the proposed
rule, and the Department believes that it is appropriate to grant such
additional time. Accordingly, this notice reschedules the public
hearing on the proposed rule to Thursday, February 22, 1996 and, if
necessary, to Friday, February 23, 1996. Requests to present public
testimony should be submitted by February 14. Unless otherwise advised,
the Department will assume that persons who have already submitted
written requests to testify at the January 24-25 hearing will wish to
testify at the hearing rescheduled for February 22-23.
The December 20, 1995 Federal Register notice also stated that
written comments concerning the proposed regulation must be received by
February 5, 1996. The Department has determined that the February 5
deadline for submission of written comments will continue to apply,
notwithstanding the rescheduling of the public hearing.
Notice of Rescheduling of Date for Public Hearing
Notice is hereby given that the public hearing for the proposed
rule (published at 60 FR 66036, December 20, 1995) relating to revision
of the definition of
[[Page 1880]]
when certain monies which a participant pays to, or has withheld by, an
employer for contribution to an employee benefit plan are ``plan
assets'' for purposes of Title I of the Act is rescheduled to Thursday,
February 22, 1996 and, if necessary, to Friday, February 23, 1996.
Signed at Washington, DC, this 19th day of January 1996.
Olena Berg,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 96-1136 Filed 1-23-96; 8:45 am]
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