[Federal Register: August 20, 2008 (Volume 73, Number 162)]
[Notices]
[Page 49221-49222]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20au08-86]
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DEPARTMENT OF LABOR
Employee Benefits Security Administration
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
143rd open meeting of the full Advisory Council on Employee Welfare and
Pension Benefit Plans will be held on September 10, 2008. In addition,
the Working Groups assigned by the Advisory Council to study the issues
of (1) Phased retirement, (2), spend-down of retirement assets, and (3)
hard to value assets/target date funds, will hold public meetings on
September 9, 10, and 11. All of the meetings will take place in Room
S3215 A-B, U.S. Department of Labor, 200 Constitution Avenue NW.,
Washington, DC 20210.
The purpose of the open meeting of the full Council, which will run
from 8:30 a.m. to approximately 9 a.m., is for members to be updated on
activities of the Employee Benefits Security Administration and for
chairs of this year's Working Groups to provide progress reports on
their individual study topics.
The purpose of the open Working Group meetings, which each day will
run from 9 a.m. to approximately 5 p.m., with a one hour break for
lunch, is for Working Group members to hear testimony from invited
witnesses and for discussions of possible recommendations based on the
testimony. The focus of the Working Group meeting on September 9 will
be on phased retirement, including issues
[[Page 49222]]
facing employers who wish to create phased retirement plans, as well as
the issues facing employees who wish to take part in phased retirement
programs, and whether there are any legal impediments that discourage
American workers from continuing to work in their retirement years. The
focus of the Working Group meeting on September 10 will be on spending
down retirement assets, including the issues and barriers facing plan
fiduciaries, plan sponsors, and plan participants as they attempt to
evaluate approaches that guarantee periodic income levels at
retirement. The focus of the Working Group meeting on September 11 will
be on hard to value assets and target date funds, including potential
risks and the roles of fiduciaries, trustees, investment managers,
accountants/auditors and participants when employee benefit plans
invest in hard to value assets, a review of regulatory policy involving
assets for which there is not a generally recognized market, and
challenges and risks associated with plans' use of target date funds.
Organizations or members of the public wishing to submit a written
statement for any of the meetings may do so by submitting 30 copies on
or before September 2, 2008 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 electronically to good.larry@dol.gov. Statements received on
or before September 2 will be included in the record of the relevant
meeting. 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 Larry Good by September 2 at the address indicated. All
individuals who plan to attend the meeting should contact Larry Good by
September 8 to expedite building access.
Signed at Washington, DC, this 14th day of August, 2008.
Bradford P. Campbell,
Assistant Secretary, Employee Benefits Security Administration.
[FR Doc. E8-19233 Filed 8-19-08; 8:45 am]
BILLING CODE 4510-29-P