[Federal Register Volume 60, Number 123 (Tuesday, June 27, 1995)]
[Notices]
[Pages 33237-33238]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-15678]
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DEPARTMENT OF LABOR
Pension and Welfare Benefits Administration
Work Group on Defined Contribution Adequacy Advisory Council on
Employee Welfare and Pension Benefits Plan; Notice of Meeting
Pursuant to the authority contained in Section 512 of the Employee
Retirement Income Security Act of 1974 (ERISA), 29 U.S.C. 1142, a
public meeting of the Work Group on Defined Contribution Adequacy of
the Advisory Council on Employee Welfare and Pension Benefit Plans will
be held on July 18, 1995, in Room N3437 A&B, U.S. Department of Labor
Building, Third and Constitution Avenue, N.W., Washington, DC 20210.
The purpose of the meeting, which will begin at 9:30 a.m., is to
obtain further evidence and data concerning defined contribution plans
as an adequate source of retirement income when serving as primary
plans. The Work Group will also address the potential policy issues,
such as:
1. In terms of the adequacy of overall retirement income, are
401(k) plans simply substituting for other types of savings, such as
other pension plans or personal savings? Have 401(k)s led to expanded
pension coverage? What is the evidence?
2. Is the trend towards 401(k) plans likely to contribute to
greater pension inequities between low and higher income workers--even
with the current contribution limits?
3. What are the main barriers to improving contribution rates
besides education--i.e., stagnant wages and other economic trends, and
is it realistic to assume that we can meet contribution levels that are
even close to the target levels?
4. What regulatory and tax law changes have had, and would likely
[[Page 33238]] have, the greatest impact on our pension savings goals?
Members of the public are encouraged to file a written statement
pertaining to any topic concerning ERISA by submitting 20 copies on or
before July 10, 1995 to Linda Jackson, Acting Executive Secretary,
ERISA Advisory Council, U.S. Department of Labor, Suite N-5677, 200
Constitution Avenue NW., Washington, DC 20210. Individuals or
representatives of organizations wishing to address the Advisory
Council should forward their request to the Executive Secretary or
telephone (202) 219-8753. Oral presentations will be limited to ten
minutes, but an extended statement may be submitted for the record.
Organizations or individuals may also submit statements for the
record without testifying. Twenty (20) copies of such statements should
be sent to the Executive Secretary of the Advisory Council at the above
address. Papers will be accepted and included in the record of the
meeting if received on or before July 10, 1995.
Olena Berg,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 95-15678 Filed 6-26-95; 8:45 am]
BILLING CODE 4510-29-M
