EBSA Press Release: ERISA Advisory Council Working Groups to Hear Testimonies in July [06/24/1998]

Archived News Release — Caution: Information may be out of date.

For more information call: (202) 219-8921

The three working groups formed this year by the Advisory Council on Employee Welfare and Pension Benefit Plans, more popularly known as the ERISA Advisory Council, will hold public meetings July 7 and 8. All sessions will take place in Conference Room N-4437 C&D at the U.S. Department of Labor's Frances Perkins Building, 200 Constitution Avenue NW, Washington, D.C.

Meeting from 9:30 a.m. until noon on Tuesday, July 7, will be the subcommittee studying disclosure of information on the quality of health care plans. From 1:00 to 3:30 p.m. on July 7, the working group on how to enhance and encourage the establishment of pension plans by small business will convene.

Set to meet from 9:30 until noon on Wednesday, July 8, will be the work group on retirement plan leakage, primarily studying in-service distributions as well as hardship and participant loans from employer-sponsored pension plans.

All three groups will continue taking testimony on their subjects at the July session as well as in August and September before preparing their findings and presenting them to the Secretary of Labor Alexis M. Herman by the full Council's final meeting, which has been set for Nov. 13. There is no full Advisory Council meeting planned for either the July or August sessions.

Individuals or organizations wishing to address issues being studied by the individual working groups should contact Sharon Morrissey, executive secretary, ERISA Advisory Council, U.S. Department of Labor, Suite N-5677, 200 Constitution Ave., NW, Washington, D.C., 20210 before July 1. Oral presentations are limited to 10 minutes, but witnesses may submit extended statements for the record.

Members of the public who do not wish to testify before the individual groups, but who want their statements included as part of the official proceedings may submit 20 copies of their statements to the above address. Individuals with disabilities, who wish to attend the sessions and need special accommodations, also should contact the department by July 1 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 benefits area. The council advises and makes recommendations to the Labor Secretary on the administration of the Employee Retirement Income Security Act (ERISA).

Archived News Release — Caution: Information may be out of date.