Insurance Company General Accounts; Notice of Hearing [04/22/1998]
Volume 63, Number 77, Page
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DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
29 CFR Part 2550
Insurance Company General Accounts; Notice of Hearing
AGENCY: Pension and Welfare Benefits Administration, Labor.
ACTION: Proposed regulation; notice of hearing.
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SUMMARY: This document provides notice of a public hearing regarding a
proposed regulation under section 401(c) of the Employee Retirement
Income Security Act of 1974 as amended (ERISA) which clarifies the
application of ERISA to insurance company general accounts. The
proposed regulation was set forth in a notice of proposed rulemaking
published in the Federal Register at 62 FR 66908 on December 22, 1997.
DATES: The hearing will be held on Monday, June 1, 1998, and Tuesday,
June 2, 1998, beginning at 9:30 a.m. and ending at 5:00 p.m. E.S.T. on
each day.
ADDRESSES: The hearing will be held in Room C-5310 of the Department of
Labor Building, 200 Constitution Avenue, N.W., Washington, D.C. 20210.
FOR FURTHER INFORMATION CONTACT: Wendy McColough, Office of Exemption
Determinations, Pension and Welfare Benefits Administration, U.S.
Department of Labor, Room N-5649, 200 Constitution Avenue, N.W.,
Washington, D.C. 20210, (202) 219-8194. This is not a toll-free number.
SUPPLEMENTARY INFORMATION: On December 22, 1997, the Department of
Labor (the Department) published a notice of proposed rulemaking in the
Federal Register (62 FR 66908) which clarifies the application of ERISA
to insurance company general accounts. In that notice, the Department
invited all interested persons to submit written comments concerning
the proposed regulation on or before March 23, 1998.
In view of the importance of the proposed regulation, the
Department has decided to hold a hearing on the proposed regulation on
Monday, June 1, 1998, and Tuesday, June 2, 1998, beginning at 9:30 a.m.
and ending at 5:00 p.m. E.S.T. on each day, in Room C-5310 of the
Department of Labor Building, 200 Constitution Avenue, N.W., Washington
D.C. 20210.
Any interested person who wishes to be assured of an opportunity to
present oral comments at the hearing should submit by 3:30 p.m. E.S.T.
May 15, 1998: (1) a written request to be heard and (2) an outline
(preferably five copies) of the topics to be discussed, indicating the
time allocated to each topic. The request to be heard and accompanying
outline should be sent to the Office of Exemption Determinations,
Pension and Welfare Benefits Administration, U.S. Department of Labor,
Room N-5649, 200 Constitution Avenue, N.W., Washington, D.C. 20210, and
marked ``Attention: Insurance Company General Accounts Hearing.''
Individuals who did not file written comments regarding the proposed
regulation may nonetheless submit a request to make oral comments at
the hearing.
The Department will prepare an agenda indicating the order of
presentation of oral comments. In the absence of special circumstances,
each commentator will be allotted fifteen minutes in which to complete
his or her presentation and answer questions that may be posed by a
panel of Pension and Welfare Benefits Administration employees and by
the Department's consultant on this proposed regulation, Dr. Dan
McGill. Information about the agenda may be obtained on or after May
21, 1998 by telephoning Wendy McColough, Washington, D.C. (202) 219-
8194 (not a toll free number). Individuals not listed in the agenda
will be allowed to make oral comments at the hearing to the extent time
permits. Those individuals who make oral comments at the hearing should
be prepared to answer questions regarding their comments. The hearing
will be transcribed.
Individuals with disabilities, who need special accommodations,
should notify Wendy McColough on or before May 21, 1998.
Notice of Public Hearing
Notice is hereby given that a public hearing will be held on
Monday, June 1, 1998, and Tuesday, June 2, 1998, regarding a proposed
regulation which clarifies the application of ERISA to insurance
company general accounts. The hearing will be held beginning at 9:30
a.m. E.S.T. on each day, in Room C-5310 of the Department of Labor
Building, 200 Constitution Avenue, N.W., Washington D.C. 20210.
Signed at Washington, D.C., this 16th day of April, 1998.
Alan D. Lebowitz,
Deputy Assistant Secretary for Program Operations, Pension and Welfare
Benefits Administration, Department of Labor.
[FR Doc. 98-10635 Filed 4-21-98; 8:45 am]
BILLING CODE 4510-29-P
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