EBSA News Release: [11/19/2012]
Contact Name: Jason Surbey or Michael Trupo
Phone Number: (202) 693-4668 or x6588
Release Number: 12-2304-NAT
NEW DATES: ERISA Advisory Council to hold final 2012 meeting Nov. 26-27
Agenda will include disability benefits, beneficiary designations in retirement and life insurance plans, lifetime income options
WASHINGTON Due to a postponement caused by Hurricane Sandy, the final meeting of the year of the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council, has been rescheduled for Nov. 26-27 at U.S. Department of Labor locations in Washington, D.C. 20210.
On Nov. 26, the meeting will be held 1-5 p.m. EST in Room 4 of Suite C-5521 at 200 Constitution Ave. NW. On Nov. 27, a morning session will begin at 8:30 a.m. EST in Suite 400 at 122 C St. NW. Following a lunch break, an afternoon session will be held in Room S-2508 at 200 Constitution Ave. and conclude at approximately 4 p.m. EST.
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.
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.