News Release

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Release Date: August 28, 2007
Release Number: 07-1329-NAT
Contact Name: Gloria Della/Rick Manning
Phone Number: 202.693.8664/202.693.4676

U.S. Department of Labor’s ERISA Advisory Council sets September 2007 meetings

Washington – The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Council) and its three working groups will meet September 18 through 20 at the U.S. Department of Labor, 200 Constitution Ave. NW, Room N4437 A-C, in Washington, D.C.

The full council will meet September 19 at 9 a.m. EDT to receive an update on the activities of the working groups and the department’s Employee Benefits Security Administration (EBSA).

On September 18, the Working Group on Participant Benefit Statements will meet from 9 a.m. to 5 p.m. EDT to hear the testimony of witnesses on the benefit statement requirements of the Pension Protection Act of 2006.

The Working Group on Financial Literacy will meet September 19, following the conclusion of the full council meeting, to hear testimony on financial literacy and the role of employers.

The Working Group on Fiduciary Responsibilities Update and Revenue Sharing will meet September 20 from 8:30 a.m. to 5 p.m. EDT to hear testimony about the implications of the Pension Protection Act of 2006 on multiemployer plans and their fiduciaries, as well as the revenue-sharing practices of defined contribution plans.

The full council and working group meetings are open to the public. Questions on working group topics should be addressed to the council’s executive secretary, Larry Good, at 202.693.8668. Written comments on working group topics should be submitted by September 12 to Good’s attention sent via mail to ERISA Advisory Council, U.S. Department of Labor, 200 Constitution Ave. NW, Room N5623, Washington, D.C. 20210, or electronically to good.larry@dol.gov.

The ERISA Advisory Council consists of 15 members appointed to staggered three-year terms by the secretary of labor. The members represent the general public, employers, employee organizations and the fields of insurance, corporate trust, investment management, investment counseling, accounting and actuarial counseling.

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