<nobr>May 25, 2005</nobr>

ERIC Press Briefing - Consensus Proposals for Pension Funding, PBGC Reform, and Hybrid Pension Plans (May 26)

CONSENSUS PROPOSALS FOR PENSION FUNDING, PBGC REFORM, AND HYBRID PENSION PLANS

Members of The ERISA Industry Committee (ERIC) comprise the greatest concentration of private sector defined benefit pension plans in the nation. The organization has crafted pension reform proposals to meet today’s challenges in a way that will protect participants and enable and encourage employers to continue to offer soundly funded defined benefit plans to their employees in the future. ERIC's pro-active reforms call for substantial changes to current law that will work well in the context of a company's need to manage its cash flow.

A briefing on the proposals will occur:
9:30 - 10:30 AM
Thursday, May 26, 2005

To participate, call:
(641) 985-8000
Access Code: 754460

Members of ERIC will participate on the call.

A copy of the proposals is available at:
http://www.eric.org/forms/uploadFiles/36DD00000003.filename.consensus052005.pdf

A copy of the ERIC News Release is available at:
http://www.eric.org/forms/documents/DocumentFormPublic/viewDoc?id=36E600000002

For additional information, contact ERIC at (202) 789-1400.

* * * *

The ERISA Industry Committee (ERIC) is a non-profit association committed to the advancement of employee retirement, health, and welfare benefit plans of America's largest employers and represents exclusively the employee benefits interests of major employers. ERIC's members provide comprehensive retirement, health care coverage and other economic security benefits directly to some 25 million active and retired workers and their families. ERIC has a strong interest in proposals affecting its members' ability to deliver those benefits, their cost and their effectiveness, as well as the role of those benefits in the American economy.

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