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ACTION ALERT
March 29, 2006
Sign on to business community letter to conferees urging comprehensive hybrid plan solutionAction Requested: Please review the business community letter linked below and contact Jill Randolph here at the Council if your company would like to sign on to the letter. The deadline is noon on Thursday, March 30.Background: The retirement bill conference is underway and conferees will soon begin work on resolving the hybrid plan provisions of the House-passed Pension Protection Act (H.R. 2830) and the Senate-passed Pension Security and Transparency Act (S. 1783). A Council side-by-side chart illustrates the bills’ differences with regard to hybrid plans. The Council continues to support a comprehensive, design-based solution — without mandates or litigation carve-outs — applicable to existing and future plans. Hybrid plans are essential to the continued viability of the employer-sponsored defined benefit pension system. The Council has prepared an updated set of talking points and an issue brief to help you understand and communicate the urgency of the situation. The business community letter, prepared by the Council’s Special Council James Delaplane of the Benefits Group of Davis and Harman, LLP, is available by clicking here or by pasting the following URL into your Web browser:. http://www.americanbenefitscouncil.org/documents/grouphybrid_ltr_033006.pdf Please help: We apologize for the very fast turn-around time on this request. Please respond by e-mail and specify exactly how your company’s name should appear. The deadline is noon on Thursday, March 30.
The American Benefits Council is the national trade association for companies concerned about federal legislation and regulations affecting all aspects of the employee benefits system. The Council’s members represent the entire spectrum of the private employee benefits community and either sponsor directly or administer retirement and health plans covering more than 100 million Americans.
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