<nobr>Sep 8, 2003</nobr>

ERIC Letter to House Representatives RE: Sanders Amendment

ERIC on September 4 urged members of the House of Representatives to strike down an amendment to the Transportation/Treasury Appropriations bill (H.R.2989)
expected to be offered by Rep. Bernie Sanders (I-VT) and others that would prohibit publication of regulations regarding age discrimination that take a position contrary
to the Cooper v. IBM district court decision. The amendment is scheduled for vote on Tuesday, Sept. 9. ERIC and its member companies are engaged in a vigorous
lobby campaign against the amendment.

In Cooper v. IBM Personal Pension Plan, the court held that IBM's cash balance pension plan violates the provisions of ERISA prohibiting age discrimination in
retirement plans. If the amendment passes and ultimately becomes law, the publication of anticipated final age discrimination regulations could be delayed beyond
October 2004 creating further uncertainty regarding the rules surrounding hybrid pans as well as traditional plans.
Text Files:

ERIC Sanders Letter

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