By Paula Aven Gladych
The U.S. Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will meet Aug. 28-30 at Labor Department headquarters, 200 Constitution Ave. NW, Washington, D.C.
The meeting will run from 9 a.m. to 5 p.m. on the first two days and 8:30 a.m. to 4:30 p.m. on Aug. 30.
Council members will hear testimony from invited witnesses and receive an update from Deputy Assistant Secretary of Labor for Employee Benefits Security Michael Davis. The council is studying a number of issues, including managing disability risks
in an environment of individual responsibility, current challenges and best practices concerning beneficiary designations in retirement and life insurance plans, and examining income replacement during retirement years in a defined contribution plan system.
The meeting is open to the public and organizations and individuals who wish to address the council or want to submit written statements should email their requests by Aug. 14 to the council’s executive secretary, Larry Good, at firstname.lastname@example.org
The ERISA Advisory Council consists of 15 members appointed to staggered three-year terms by the secretary of labor. The members represent the general public, employers and employee organizations, as well as the fields of insurance, corporate trust, investment management, investment counseling, accounting and actuarial counseling.
Originally published on BenefitsPro.com