The final meeting of the Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council, has rescheduled the meeting that was canceled due to Hurricane Sandy for Nov. 26-27 at U.S. Department of Labor locations in Washington, D.C.
On Nov. 26, the meeting will be held from 1 to 5 p.m. EST in Room 4 of Suite C-5521 at 200 Constitution Ave. NW. On Nov. 27, a morning session will begin at 8:30 a.m. EST in Suite 400 at 122 C St. NW. After lunch, another session will be held in Room S-2508 at 200 Constitution Ave., which is set to conclude at 4 p.m. EST.
Members of the council will finalize recommendations to the secretary of labor on issues relating to disability benefits for participants in defined contribution plans, 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.
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Section 512 of the Employee Retirement Income Security Act provides for the establishment of the ERISA Advisory Council, which advises the secretary of labor and submits recommendations regarding the secretary's functions under ERISA.
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