[Federal Register Volume 62, Number 122 (Wednesday, June 25, 1997)]
[Notices]
[Pages 34314-34315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-16669]


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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration


Working Group Studying Soft Dollar Arrangements and Commission 
Recapture; Advisory Council on Employee Welfare and Pension Benefits 
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, a 
public meeting will be held July 16 of the Advisory Council on Employee 
Welfare and Pension Benefit Plans Working Group formed to study Soft 
Dollar Arrangements and Commission Recapture.
    The session will take place in Room N-5437 A&B, U.S. Department of 
Labor Building, Second and Constitution Avenue, NW, Washington, D.C. 
20210. The purpose of the all-day open meeting, which will run from 
9:30 a.m. to approximately noon and from 1:00 p.m. until approximately 
3:30 p.m., is for Working Group members to take testimony from members 
of the financial community discussing their views on soft dollar and 
directed brokerage practices. Most testimony will be favorable to 
continuing the current practice with disclosure to clients. Already 
scheduled to appear is Ronald Machold from the New Jersey Investment 
Board, who will discuss soft dollar usage in a large internally-managed 
pension system.
    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 7, 1997, to Sharon Morrissey, Executive Secretary, ERISA 
Advisory Council, U.S. Department of Labor, Room N-

[[Page 34315]]

5677, 200 Constitution Avenue, NW, Washington, D.C. 20210. Individuals 
or representatives of organizations wishing to address the Working 
Group on Soft Dollar Arrangements and Commission Recapture should 
forward their request to the Executive Secretary or telephone (202) 
219-8753. Oral presentations will be limited to 10 minutes, but an 
extended statement may be submitted for the record. Individuals with 
disabilities, who need special accommodations, should contact Sharon 
Morrissey by July 7, at the address indicated in this notice.
    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 7.

    Signed at Washington, D.C. this 18th day of June, 1997.
Olena Berg,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 97-16669 Filed 6-24-97; 8:45 am]
BILLING CODE 4510-29-M