Advisory Council on Employee Welfare and Pension Benefit Plans;
Reopening and Extending the Time for Receipt of Nominations for
Vacancies Until October 30, 1998 [Notices] [09/22/1998]
Advisory Council on Employee Welfare and Pension Benefit Plans;
Reopening and Extending the Time for Receipt of Nominations for
Vacancies Until October 30, 1998 [09/22/1998]
Volume 63, Number 183, Page 50586-50587-----------------------------------------------------------------------
DEPARTMENT OF LABOR
Office of the Secretary
Advisory Council on Employee Welfare and Pension Benefit Plans;
Reopening and Extending the Time for Receipt of Nominations for
Vacancies Until October 30, 1998
Section 512 of the Employee Retirement Income Security Act of 1974
(ERISA), 88 Stat. 895, 29 U.S.C. 1142, provides for the establishment
of an ``Advisory Council on Employee Welfare and Pension Benefit
Plans'' (the Council), which is to consist of 15 members to be
appointed by the Secretary of Labor (the Secretary) as follows: Three
representatives of employee organizations (at least one of whom shall
be representative of an organization whose members are participants in
a multiemployer plan); three representatives of employers (at least one
of whom shall be
[[Page 50587]]
representative of employers maintaining or contributing to
multiemployer plans); one representative each from the fields of
insurance, corporate trust, actuarial counseling, investment
counseling, investment management and accounting; and three
representatives from the general public (one of whom shall be a person
representing those receiving benefits from a pension plan). No more
than eight members of the Council shall be members of the same
political party.
Members shall be persons qualified to appraise the programs
instituted under ERISA. Appointments are for terms of three years. The
prescribed duties of the Council are to advise the Secretary with
respect to the carry out of his or her functions under ERISA, and to
submit to the Secretary, or his or her designee, recommendations with
respect thereto. The Council will meet at least four times each year,
and recommendations of the Council to the Secretary will be included in
the Secretary's annual report to the Congress on ERISA.
The terms of five members of the Council expire on November 14,
1998. The groups or fields they represented are as follows: employee
organizations (multiemployer plans), accounting field, insurance field,
employers and the general public.
Accordingly, notice is hereby given that any person or organization
desiring to recommend one or more individuals for appointment to the
ERISA Advisory Council on Employee Welfare and Pension Benefit Plans to
represent any of the groups or fields specified in the preceding
paragraph, may submit recommendations to Sharon Morrissey, Executive
Secretary, ERISA Advisory Council, Frances Perkins Building, U.S.
Department of Labor, 200 Constitution Avenue NW, Suite N-5677,
Washington, DC 20210. This notice is being issued to reopen and further
extend the period in which recommendations can be delivered or mailed.
The new date for receipt of recommendations is on or before October 30,
1998. Nominations for a particular category of membership should come
from organizations on individuals within the category. A summary of the
candidate's qualifications should be included with the nomination.
Signed at Washington, DC. This 16th day of September, 1998.
Meredith Miller,
Deputy Assistant Secretary of Labor Pension and Welfare Benefits
Administration.
[FR Doc. 98-25258 Filed 9-21-98; 8:45 am]
BILLING CODE 4510-29-M
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