2018-11432. 191st Meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans; 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, the 191st meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will be held on June 19-21, 2018.

The three-day meeting will take place at the U.S. Department of Labor, 200 Constitution Avenue NW, Washington, DC 20210 in C5521 Room 4. The meeting will run from 9:00 a.m. to approximately 5:30 p.m. on June 19-20 with a one hour break for lunch each day, and from 9:00 a.m. to 11:00 a.m. on June 21. The purpose of the open meeting is for Advisory Council members to hear testimony from invited witnesses and to receive an update from the Employee Benefits Security Administration (EBSA). The EBSA update is scheduled for the morning of June 21, subject to change.

The Advisory Council will study the following topics: (1) Lifetime Income Products as a Qualified Default Investment Option (QDIA)—Focus on Decumulation and Rollovers and (2) Evaluating the Department's Regulations and Guidance on ERISA Bonding Requirements and Exploring Reform Considerations. The Council will hear testimony on June 19 on the first topic and on June 20 on the second topic. It will continue with discussions of its topics on June 21. Descriptions of these topics are available on the Advisory Council page of the EBSA website, at https://www.dol.gov/​agencies/​ebsa/​about-ebsa/​about-us/​erisa-advisory-council.

Organizations or members of the public wishing to submit a written statement may do so by submitting 35 copies on or before June 12, 2018, to Larry Good, Executive Secretary, ERISA Advisory Council, U.S. Department of Labor, Suite N-5623, 200 Constitution Avenue NW, Washington, DC 20210. Statements also may be submitted as email attachments in word processing or pdf format transmitted to [e-mail]. It is requested that statements not be included in the body of the email. Statements deemed relevant by the Advisory Council and received on or before June 12 will be included in the record of the meeting and made available through the EBSA Public Disclosure Room, along with witness statements. Do not include any personally identifiable information (such as name, address, or other contact information) or confidential business information that you do not want publicly disclosed. Written statements submitted by invited witnesses will be posted on the Advisory Council page of the EBSA website, without change, and can be retrieved by most internet search engines.

Individuals or representatives of organizations wishing to address the Advisory Council should forward their requests to the Executive Secretary or telephone [phone]. Oral presentations will be limited to 10 minutes, time permitting, but an extended statement may be submitted for the record. Individuals with disabilities who need special accommodations should contact the Executive Secretary by June 12.

Signed at Washington, DC this 22nd day of May, 2018.

Preston Rutledge,

Assistant Secretary, Employee Benefits Security Administration.