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Archived News Release — Caution: Information may be out of date.
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Release Date: 02/11/2002
Release Number: 02-77
Contact Name: Sue Hensley
Phone Number: 202.693.6023
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"Last month the department initiated negotiations
with Enron to secure the removal of the Administrative Committees for
Enron's pension plans. These are Enron officials who serve as plan
fiduciaries, with responsibility for operating the plans and protecting
the rights of participants and beneficiaries. Our objective is to
replace them with an independent fiduciary, expert in ERISA and
experienced in protecting the interests of participants and beneficiaries
in complex pension plans like Enron's. |
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"If we can reach an advantageous agreement,
without engaging in a lengthy court proceeding, we will do so. If no
agreement is reached in the very near future, we will seek a court order
replacing these people with a qualified independent fiduciary." |
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U.S. Department of Labor
news releases are accessible on the Internet. The information in this news
release will be made available in alternate format upon request (large
print, Braille, audio tape or disc) from the Central Office for Assistive
Services and Technology. Please specify which news release when placing
your request. Call 202.693.7773 or TTY 202.693.7775. |
Archived News Release — Caution: Information may be out of date.
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