Today’s post was shared by US Dept. of Labor and comes from www.dol.gov
WASHINGTON, DC – Today the U.S. Department of Labor announced the appointments of five new members as well as chair and vice chair to the 2018 Advisory Council on Employee Welfare and Pension Benefit Plans, known as the ERISA Advisory Council.
"The ERISA Advisory Council advises the Department’s work in enhancing and preserving the health and retirement benefits of America’s workers," said U.S. Secretary of Labor Alexander Acosta. "These professionals will help the council accomplish its goals. Their expertise will be a valuable complement to the Department’s mission to protect workers’ benefits."
The 15-member council provides advice on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). By law, members of the council serve for staggered three-year terms. Three members are representatives of employee organizations (at least one of whom represents an organization whose members are participants in a multiemployer plan). Three members are representatives of employers (at least one of whom represents employers maintaining or contributing to multiemployer plans). Three members are representatives of the general public. There is one representative each from the fields of insurance, corporate trust, actuarial counseling, investment counseling, investment management and accounting.
Current members Cynthia Levering and Srinivas Dharam Reddy will serve as the chair and vice…