National Summit on Retirement Savings
[02/22/2006]
Volume 71, Number 35, Page 9155-9156
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DEPARTMENT OF LABOR
Employee Benefits Security Administration
National Summit on Retirement Savings
AGENCY: Employee Benefits Security Administration, Labor.
[[Page 9156]]
ACTION: Notice of meeting.
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SUMMARY: This document provides notice of the agenda for the national
Summit on Retirement Savings, as called for by the Savings Are Vital
for Everyone's Retirement (SAVER) Act, which amends Title I of the
Employee Retirement Income Security Act of 1974.
DATES: The National Summit on Retirement Savings will begin on the
morning of March 1, 2006 and end in the afternoon of March 2, 2006.
ADDRESSES: The Summit will be held at the Willard Intercontinental
Hotel, 1401 Pennsylvania Avenue, NW., Washington, DC 20004.
FOR FURTHER INFORMATION CONTACT: Wendy Gehring, Office of the
Secretary, U.S. Department of Labor, Room S 2000, (202) 693-6000, or
Mary Jost, Senior Director of the Education, International Foundation
of Employee Benefits Plans, 18700 West Bluemound Road, P.O. Box 69,
Brookfield, WI 53008-0069, (262) 786-6700. These are not toll free
numbers.
SUPPLEMENTARY INFORMATION: On November 20, 1997, the President signed
Public Law 105-92 (1997) the ``Savings Are Vital to Everyone's
Retirement Act'' (SAVER). The SAVER legislation is aimed at advancing
the public's knowledge and understanding of the importance of
retirement savings by: (1) Providing a bipartisan National Summit on
Retirement Savings co-hosted by the President and the Congressional
Leadership in the House and Senate; and (2) establishing an ongoing
educational program coordinated by the Department of Labor. The Summit
will be held March 1st and 2nd, 2006 in Washington, DC. The purpose of
the Summit is to: (1) Increase public awareness of the value of
personal savings for retirement, (2) advance the public's knowledge and
understanding of retirement savings and its importance to the well
being of all Americans, (3) facilitate the development of a broad-
based, public retirement savings education program, (4) identify the
barriers faced by workers who want to save for retirement, (5) identify
the barriers which employers, especially small employers, face in
assisting their workers in accumulating retirement savings, (6) examine
the impact and effectiveness of individual employers who promote
personal savings and retirement savings plan participation among their
workers, (7) examine the impact and effectiveness of government
programs at the Federal, State, and local levels to educate the public
about retirement savings principles, (8) develop recommendations for
governmental and private sector action to promote pensions and
individual retirement savings, and (9) develop recommendations for the
coordination of Federal, State, and local retirement savings education
initiatives. The Agenda for the National Summit on Retirement Savings
follows.
This agenda is subject to change.
Draft Agenda
National Summit on Retirement Savings
March 1-2, 2006
``Saving for Your Golden Years: Trends, Challenges and Opportunities''
Day 1--Wednesday, March 1, 2006
Registration/Continental Breakfast.
Opening Plenary Session.
Welcome and Opening Remarks, Secretary of Labor Elaine L. Chao.
Overview and Introduction, Assistant Secretary of Labor Ann L.
Combs, Employee Benefits Security Administration.
Review of Previous Summits and Current Status of Retirement
Savings, Dr. Sylvester Schieber, U.S. Director of Benefits Consulting,
Watson Wyatt Worldwide.
Four Concurrent Breakout Sessions.
Delegates will work in one of four teams to examine the challenges
facing four distinct groups discussing ways to reach them with
retirement savings messages and recommending solutions to assist them
in overcoming their savings obstacles. The Summit will address the
central issues facing real workers and real families. The groups to be
examined are:
Group A: Low-Income Workers.
Group B: Small Business Employees.
Group C: New Entrants to the Workforce.
Group D: Workers Nearing Retirement.
Lunch.
The Honorable Donald L. Evans, CEO, the Financial Services Forum
Keynote Speaker--Mr. Ben Stein; Actor, Author, Economist, Lawyer,
Teacher, Expert on Finance.
Four Concurrent Breakout Sessions.
Congressional Reception and Dinner.
Remarks by Members of Congress [invited]:
The Honorable William Frist, MD, Majority Leader, United States
Senate.
The Honorable John Boehner, Majority Leader, United States House of
Representatives.
The Honorable Michael Enzi, Chairman, Senate Committee on Health,
Education, Labor and Pensions.
The Honorable Edward Kennedy, Ranking Member, Senate Committee on
Health, Education, Labor and Pensions.
Day 2--Thursday, March 2, 2006
Breakfast with Congressional Speakers [invited].
The Honorable Charles Grassley, Chairman, Senate Finance Committee.
The Honorable Michael Oxley, Chairman, House Financial Services
Committee.
Keynote Speaker.
The Honorable Richard B. Cheney, Vice President of the United
States of America.
Four Concurrent Breakout Sessions.
Plenary Session--Reports from the Breakout groups.
Luncheon and Closing Plenary Session.
Closing Remarks, Secretary Elaine L. Chao.
Signed at Washington, DC, this 15th day of February, 2006.
Ann Combs,
Assistant Secretary of Labor, Employee Benefits Security
Administration.
[FR Doc. E6-2489 Filed 2-21-06; 8:45 am]
BILLING CODE 4510-29-P
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