[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]



-----------------------------------------------------------------------

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