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WASHINGTON—Secretary of Labor Elaine L. Chao today announced that an independent fiduciary will be appointed to replace Enron Corporation’s Administrative Committees, whose members currently serve as fiduciary of the company’s three retirement plans.

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WASHINGTON--Secretary of Labor Elaine L. Chao announced this week the activation of a new Toll Free Participant and Compliance Assistance Number, 1-866-275-7922, to make it easier for workers and employers to get help with questions regarding their retirement and health benefit plans.

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San Francisco, California - The assets of Carson City-based Employers Mutual, LLC, affiliated associations and their principals were frozen and the appointment of the independent fiduciary to the health plans was extended under a preliminary injunction granted February 1, 2002, by a Reno, Nevada federal court. The health plan provides benefits to more than 22,000 participants and beneficiaries nationwide.

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WASHINGTON –U.S. Labor Secretary Elaine L. Chao today testified before the House Committee on Education and the Workforce, outlining the President's proposal to protect workers' retirement security.

"The President's proposal will help those saving for retirement by giving workers more choice, confidence and control over their retirement plans," said Chao.

WASHINGTON--Secretary of Labor Elaine L. Chao today announced the 200 appointed delegates to the 2002 National Summit on Retirement Savings scheduled to take place February 27 - March 1, 2002 at the Capital Hilton in Washington, D.C.

"The SAVER Summit is a unique opportunity to encourage Americans to save and plan for the future," Chao stated. "It is my privilege today to announce the distinguished group of delegates appointed to the 2002 SAVER Summit. Their knowledge and experience will ensure a meaningful discussion of an issue that is vital to our nation.

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Chicago, Illinois - A Northfield, Illinois, company and its 401(k) plan trustee were sued by the U.S. Department of Labor for failing to segregate and remit $8,669.04 in employee contributions to the plan, which also is owed lost opportunity costs.

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