[Federal Register Volume 62, Number 185 (Wednesday, September 24, 1997)]
[Notices]
[Page 49995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-25353]
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DEPARTMENT OF LABOR
Office of the Secretary
Advisory Council on Employee Welfare and Pension Benefit Plans;
Extending the Time for Receipt of Nominations for Vacancies Until
October 15, 1997
Section 512 of the Employee Retirement Income Security Act of 1974
(ERISA), 88 Stat. 895, 29 U.S.C. 1142, provides for the establishment
of an ``Advisory Council on Employee Welfare and Pension Benefit
Plans'' (the Council), which is to consist of 15 members to be
appointed by the Secretary of Labor (the Secretary) as follows: Three
representatives of employee organizations (at least one of whom shall
be representative of an organization whose members are participants in
a multiemployer plan); three representatives of employers (at least one
of whom shall be representative of employers maintaining or
contributing to multiemployer plans); one representative each from the
fields of insurance, corporate trust, actuarial counseling, investment
counseling, investment management and accounting; and three
representatives from the general public (one of whom shall be a person
representing those receiving benefits from a pension plan). No more
than eight members of the Council shall be members of the same
political party.
Members shall be persons qualified to appraise the programs
instituted under ERISA. Appointments are for terms of three years. The
prescribed duties of the Council are to advise the Secretary with
respect to the carrying out of his or her functions under ERISA, and to
submit to Secretary with respect to the carrying out of his or her
functions under ERISA, and to submit to the Secretary, or his or her
designee, recommendations with respect thereto. The Council will meet
at least four times each year, and recommendations of the Council to
the Secretary will be included in the Secretary's annual report to the
Congress on ERISA.
The terms of five members of the Council expire Friday, November
14, 1997. The groups or fields represented are as follows: employee
organizations (multiemployer plans), investment counseling, actuarial
counseling, employers and the general public (pensioners). In addition,
this year nominations also are being sought for individuals interested
in an appointment to fill one year of a unexpired three-year term of a
Council member who died while serving on the Council. That unexpired
term calls for naming an employee organization (multiemployer)
representative.
Accordingly, notice is hereby given that any person or organization
desiring to recommend one or more individuals for appointment to the
ERISA Advisory Council on Employee Welfare and Pension Benefit Plans to
represent any of the groups or fields specified in the preceding
paragraph, may submit recommendations to Sharon Morrissey, Executive
Secretary, ERISA Advisory Council, Frances Perkins Building, U.S.
Department of Labor, 200 Constitution Avenue, NW., suite N-5677,
Washington, DC 20210. This notice is being issued to extend the period
in which recommendations can be delivered or mailed. The new date for
receipt of recommendations is on or before October 15, 1997.
Nominations for a particular category of membership should come from
organizations or individuals within that category. A summary of the
candidate's qualifications should be included with the nomination.
Signed at Washington, DC, this 19th day of September, 1997.
Olena Berg,
Assistant Secretary of Labor, Pension and Welfare Benefits
Administration.
[FR Doc. 97-25353 Filed 9-23-97; 8:45 am]
BILLING CODE 4510-29-M
