Erisa Advisory Council's Working Groups To Continue Gathering Information On 1999 Study Issues

Archived News Release — Caution: Information may be out of date.

The Secretary of Labor’s Advisory Committee on Employee Welfare and Pension Benefit Plans’ three working groups will hold the fourth in a series of fact-gathering meetings on July 13 and 14. All sessions will be held at the Department of Labor’s Frances Perkins Building at 200 Constitution Avenue NW, Washington, DC, in Room S 4215 A-B.

The working group studying benefit implications of the growth of a contingent workforce will take testimony from witnesses who provide temporary staff to employers through the United States, including persons representing associations of such providers. The session will be July 13 from 9:30 a.m. until approximately noon.

From 1:00 p.m. until approximately 4:00 p.m. on July 13, the Advisory Council’s second working group will hear testimony on the accessibility of surplus pension assets currently and on policy considerations surrounding accessibility to such surpluses.

The third working group, studying trends in the defined benefit market with a focus on employer-sponsored hybrid plans, will meet July 14 from 9:30 a.m. until approximately noon and from 1:00 p.m. until approximately 2:30 p.m. The day’s witnesses are expected to present a range of opinions on the recent trend toward establishing such plans, including cash balance plans.

Persons wishing to appear before any of the working groups or to submit written testimony on any of the three topics for 1999 may do so by contacting Sharon Morrissey, executive secretary of the Advisory Council, at Room N5656, Department of Labor, 200 Constitution Avenue NW, Washington, DC 20210. Her direct telephone number is (202)219- 8921. If written testimony is to be provided, submit 20 copies to Ms. Morrissey before July 7.

Persons with disabilities wishing to attend the sessions and needing special accommodations, can also contact Ms. Morrissey by July 7.

The ERISA Advisory Council advises the Secretary of Labor on policies pertaining to the Employee Retirement Income Security Act (ERISA) and other related legislation affecting employee benefit programs provided by private sector employers. Each year the Advisory Council’s 15 members select topics of study and volunteer to serve on at least two of the Advisory Council’s working groups. Their studies will result in reports and/or recommendations to be completed by the end of the Advisory Council year on Nov. 14.

U.S. Department of Labor news releases are accessible on the Internet. The information in this news release will be made available in alternate format upon request (large print, Braille, audio tape or disc) from the Central Office for Assistive Services and Technology. Please specify which news release when placing your request. Call 202.693.7773 or TTY 202.693.7755.

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

Contact Name: Sharon Morrissey
Phone Number: 202.219.8921