EBSA Press Release: ERISA Advisory Council to Hold Public Meetings in September [08/22/1997]

For more information call: (202) 219-8921
 

The Advisory Council on Employee Welfare and Pension Benefit Plans and its working groups will hold public meetings on Sept. 16 and 17 in Room N-5437 A&B, U.S. Department of Labor, 200 Constitution Avenue, N. W., Washington, D.C. 20210.

On Sept. 16, from 9:30 to noon, the Working Group on the Merits of Defined Contribution vs. Defined Benefit Plans with an Emphasis on Small Business Concerns will hear testimony on the formation of defined benefit plans for small business. From 1 to 5 p.m., the Working Group on Employer Assets in ERISA Employer-Sponsored Plans will hear from organizations or persons favoring placing limits on employer securities as significant plan assets of defined contribution plans.

On Sept. 17, from 9:30 a.m. to noon, the Working Group on Soft Dollar Arrangements and Commission Recapture will receive testimony from members of the financial community on soft dollar and directed brokerage practices. The full council will then meet from 1 to 2:30 p.m. to get updates from the three working groups and on activities of the agency.

Individuals or organizations wishing to address the council should submit 20 copies of a written statement before Sept. 7 to Sharon Morrissey, executive secretary, ERISA Advisory Council, U.S. Department of Labor, Suite N-5677, 200 Constitution Ave., N.W., Washington, D.C. 20210, or telephone (202) 219-8753. Oral presentations are limited to 10 minutes but witnesses may submit an extended statement for the record.

Members of the public who do not wish to testify may submit 20 copies of their statement to the above address. Individuals with disabilities who need special accommodations should also contact the department by Sept. 7 at the address above.

The Advisory Council is a bipartisan group of 15 members appointed by the Secretary of Labor to represent a wide range of interests in the employee benefit area.

The council advises and makes recommendations to the secretary on the administration of ERISA.