NEWS RELEASE and BRIEFING ADVISORY

October 27, 2009
PR-09/32
For additional information:
Jason Hammersla
202-289-6700

Council applauds Pomeroy-Tiberi pension funding bill, will unveil jobs report at October 30 media briefing

WASHINGTON, D.C. — "The pension funding relief measure introduced today by Representatives Earl Pomeroy (D-ND) and Pat Tiberi (R-OH) will preserve American jobs and aid our national economic recovery by allowing employer plan sponsors to better manage losses brought about by unprecedented market downturn," said American Benefits Council President James A. Klein said. "We are proud to support this critical legislation and urge Congressional leadership to move swiftly toward its enactment."

On Friday, October 30, at 11:00 a.m. (Eastern Time), the Council will host a briefing for the news media at which policy experts will discuss the Pomeroy-Tiberi bill and unveil a brand-new report on the importance of pension funding relief for preserving American jobs.

"Legislation providing temporary pension funding relief is enormously important to every company, every employee, and every community across the United States. This is far more than a pension issue. It is a fundamental jobs issue and a critical economic recovery issue," Klein said.

The media briefing will be held by conference call and in person at the Council's offices, 1501 M Street NW, Suite 600, Washington DC.

To RSVP to attend in person, click here or paste the following URL into your Web browser. (RSVP is required for security purposes.) http://snipurl.com/db-briefing-inperson

To RSVP to attend via conference call and to obtain call-in information, click here or paste the following URL into your Web browser. http://snipurl.com/db-briefing-confcall

For more information, contact Jason Hammersla, Council director, communications, at 202-289-6700 (office) or (202) 253-5458 (cell).

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.