Please note: As of January 20, 2021, information in some news releases may be out of date or not reflect current policies.

News Release

Statement from Ann Combs, Assistant Secretary for the Pension and Welfare Benefits Administration

Archived News Release — Caution: Information may be out of date.

"Last month the department initiated negotiations with Enron to secure the removal of the Administrative Committees for Enron's pension plans. These are Enron officials who serve as plan fiduciaries, with responsibility for operating the plans and protecting the rights of participants and beneficiaries.  Our objective is to replace them with an independent fiduciary, expert in ERISA and experienced in protecting the interests of participants and beneficiaries in complex pension plans like Enron's.

"If we can reach an advantageous agreement, without engaging in a lengthy court proceeding, we will do so.  If no agreement is reached in the very near future, we will seek a court order replacing these people with a qualified independent fiduciary."

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Archived News Release — Caution: Information may be out of date.

Employee Benefits Security Administration
February 11, 2002
Release Number