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News Release

EBSA News Release: [10/11/2012]
Contact Name: Mike Trupo or Jason Surbey
Phone Number: (202) 693-6588 or x4668
Release Number: 12-2037-NAT

ERISA Advisory Council to hold final 2012 meeting Oct. 30-31

Agenda will include disability benefits, beneficiary designations in retirement and life insurance plans, lifetime income options

WASHINGTON — An open meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council, will take place Oct. 30-31 at the U.S. Department of Labor, 200 Constitution Ave. NW, Washington, D.C. 20210. On Oct. 30, the meeting will be held in Room 4 of Suite C-5521 from 1-5 p.m. EDT. On Oct. 31, the meeting will be in Room S-2508 from 8:30 a.m.-4 p.m. EDT.

Members of the council will finalize recommendations to the secretary of labor on issues relating to disability benefits for participants in defined contribution plans, current challenges and best practices concerning beneficiary designations in retirement and life insurance plans, and examining income replacement during retirement years in a defined contribution plan system.

Organizations and members of the public wishing to submit a written statement may do so through Oct. 22 by mailing 30 copies to Larry Good, executive secretary, ERISA Advisory Council, U.S. Department of Labor, 200 Constitution Ave. NW, Suite N-5623, Washington, DC 20210. Those wishing to submit written statements electronically must send them to good.larry@dol.gov as an email attachment in text or PDF form, not in the body of an email. Personally identifiable information (such as a name, address or other contact information) and confidential business information should not be included, as it will be publicly disclosed. Statements deemed relevant by the council will be included in the record of the meeting and made available in the Employee Benefits Security Administration's Public Disclosure Room at the Labor Department.

Individuals and representatives of organizations wishing to address the council also should submit their requests to the executive secretary using one of the procedures as above or by calling 202-693-8668. Oral presentations will be limited to 10 minutes, time permitting, but an extended written statement may be submitted for the record.

People with disabilities who need accommodations should contact the executive secretary by Oct. 22.

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. More information about the council and the topics to be discussed at the meeting are available at http://www.dol.gov/ebsa/aboutebsa/erisa_advisory_council.html.