[Federal Register Volume 64, Number 94 (Monday, May 17, 1999)]
[Notices]
[Page 26790]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-12379]


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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration


Working Group Exploring the Possibility of Using Surplus Pension 
Assets To Secure Retiree Health Benefits 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 will be held Tuesday, June 8, 1999, of the Advisory 
Council on Employee Welfare and Pension Benefit Plans Working Group 
assigned to explore the possibility of using surplus pension assets to 
secure retire health benefits.
    The session will take place in Room N-3437 A-B U.S. Department of 
Labor Building, Second and Constitution Avenue, NW., Washington, DC 
20210. The purpose of the open meeting, which will run from 1:00 p.m. 
to approximately 4:00 p.m., is for working group members to explore 
current accessibility of surplus assets in defined benefit pension 
plans with a particular emphasis on Internal Revenue Code Section 420 
provisions and the historic use of this provision. In addition, other 
approaches used by employers to benefit from the existence of surplus 
assets will be discussed.
    Members of the public are encouraged to file a written statement 
pertaining to the topic by submitting 20 copies on or before June 1, 
1999, to Sharon Morrissey, Executive Secretary, ERISA Advisory Council, 
U.S. Department of Labor, Room N-5677, 200 Constitution Avenue, NW., 
Washington, DC 20210. Individuals or representatives of organizations 
wishing to address the Working Group 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 June 1, 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 June 1.

    Signed at Washington, DC this 11th day of May 1999.
Richard McGahey,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 99-12379 Filed 5-14-99; 8:45 am]
BILLING CODE 4510-29-M