WASHINGTON — The U.S. Department of Labor's Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council, will meet Tuesday, Aug. 19, through Thursday, Aug. 21. Council members will hear testimony from invited witnesses and receive an update from the Employee Benefits Security Administration.
Topics for discussion and study include:
- Outsourcing employee benefit plan services;
- Pharmacy benefit manager compensation and fee disclosure; and
- Issues and considerations around facilitating lifetime plan participation.
Descriptions of these topics are available on the advisory council page of the EBSA website at http://www.dol.gov/ebsa/aboutebsa/erisa_advisory_council.html.
The three-day meeting will take place at the U.S. Department of Labor, 200 Constitution Ave. NW, Washington, D.C., 20210. The meeting will run from 9 a.m. to approximately 5:30 p.m. on Aug. 19 and 20 in C5320 Room 6, and from 8:30 a.m. to 4:30 p.m. on Aug. 21 in C5521 Room 4. The EBSA update is scheduled for the morning of Aug. 20, subject to change.
Organizations or members of the public who wish to address the council or submit a written statement should email their requests by Tuesday, Aug. 12, to the council's executive secretary, Larry Good, at firstname.lastname@example.org, or call 202-693-8668. Media inquiries should be directed to the contacts listed above. See the Federal Register notice for full details: https://federalregister.gov/a/2014-17387
Section 512 of the Employee Retirement Income Security Act provides for the establishment of the ERISA Advisory Council, which advises the secretary of labor and submits recommendations regarding the secretary's functions under ERISA.