<nobr>Jun 29, 2005</nobr>

ERIC Advisory on Credit Balance Document

ERIC Provides Explanation of Credit Balances for Defined Benefit Pension Plans

Washington, D.C. – June 29, 2005 – The ERISA Industry Committee (ERIC) has developed a short paper (attached) for the use of press as well as Capitol Hill staff explaining credit balances with regard to the current debate in Congress on defined benefit pension plans.

Part 1 of the document explains how credit balances work. Part II of the document discusses issues in the current debate.

For further information on credit balances and defined benefit pension plans, please contact:

Janice Gregory, Senior Vice President

jgregory@eric.org

Mark Ugoretz, President

mugoretz@eric.org

Brendan LaCivita, Director of Communications
blacivita@eric.org


The ERISA Industry Committee (ERIC) is a non-profit association committed to and represents exclusively the advancement of the employee retirement, health, and compensation plans of America’s largest employers. ERIC’s members provide benchmark retirement, health care coverage, compensation and other economic security benefits directly to tens of millions of 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.

Text Files:

Credit Balance Document

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