Javits, Hon. Jacob K., a U.S. Senator from the State of New York---- Brown, Hon. Robert J., Under Secretary of Labor, Department of Labor; accompanied by Frank Burkhardt, Assistant Secretary for Labor Man- agement Relations; Ian D. Lanoff, Administrator, Pension and Welfare Benefit Programs; and Monica Gallagher, Associate Solicitor of Labor.. Inouye, Hon. Daniel K., a U.S. Senator from the State of Hawaii; accom- panied by Dr. Joshua Agsalud, director, Department of Labor and In- dustrial Relations; Ms. Patricia Putnam, associate dean, School of Medi- cine, University of Hawaii; Mario Ramil, attorney general's office, State of Hawaii; Orlando Watanabe, director, disability compensation divi- sion, Department of Labor, State of Hawaii; and A. Van Horn Diamond executive secretary/treasurer, Hawaii State Federation of Labor, AFL- Bartlett, Hon. Dewey F., a U.S. Senator from the State of Oklahoma.... Halperin, Daniel I., Acting Deputy Assistant Secretary of the Treasury (tax legislation), Department of the Treasury, accompanied by Fred Ochs, Director of the Employee Plans, Division of IRS; and Ira Cohen, Director, Actuarial Division____ Williams, Hon. Harold M., Chairman, Securities and Exchange Commis- Seidman, Bert, Director, Department of Social Security, accompanied by Kenneth A. Meiklejohn, legislative representative, AFL-CIO; and Law- rence T. Smedley, Associate Director, Department of Social Security, Ferguson, Karen W., director, Pension Rights Center, accompanied by Jay Georgine, Robert, chairman, National Coordinating Committee for Multi- Auerbach, Boris, secretary, Federated Department Stores, on behalf of the Business Roundtable, accompanied by Virgil B. Day of Vedder, Price, Kaufman, Kammholz and Day; and Jerry L. Oppenheimer of Mayer, Alexander, Donald C., Esq., William Chadwick, Esq., and Roderick M. THURSDAY, AUGUST 17, 1978 Cummings, Frank, chairman, Committee on Pension, Welfare, and Related Fink, Matthew J., general counsel, Investment Company Institute, accom- Cowsert, Charles C., executive secretary, Board of Annuities and Relief of Walner, Lawrence, attorney, Chicago, Ill--- Page 558 746 798 861 915 992 1008 STATEMENTS Agsalud, Joshua C., director, Department of Labor and Industrial Relations, State of Hawaii, prepared statement__. 230 Alexander, Donald C., Esq., William Chadwick, Esq., and Roderick M. 509 Prepared statement__ 511 571 564 898 562 751 American Academy of Actuaries, Preston C. Bassett, vice president, Stephen Additional comments_ American Bar Association, Frank Cummings, chairman, Committee on Pension Welfare and Related Plans, on behalf of, prepared statement--American Council of Life Insurance and the Health Insurance Association of America, William T. Gibb, chief counsel, prepared statement----‒‒‒‒ American Federation of Labor and Congress of Industrial Organizations, Bert Seidman, director, Department of Social Security (with attachments) American Institute of Certified Public Accountants, Andrew J. Capelli, member, prepared statement (with attachments). American Society of Pension Actuaries, J. William Cloer, president, pre- Association of Private Pension and Welfare Plans, Inc., William N. Bret, Auerbach, Boris, secretary, Federated Department Stores, on behalf of Bartlett, Hon. Dewey F., a U.S. Senator from the State of Oklahoma.... 359 712 695 996 437 441 275 285 Bentsen, Hon. Lloyd, a U.S. Senator from the State of Texas, opening statement 98 Bret, William N., Jr., president-elect, Association of Private Pension and 992 Prepared statement_ 996 Brown, Hon. Robert J., Under Secretary of Labor, Department of Labor; accompanied by Frank Burkhardt, Assistant Secretary for Labor Management Relations; Ian D. Lanoff. Administrator, Pension and Welfare Benefit Programs; and Monica Gallagher, Associate Solicitor of Labor__ 133 Business Roundtable, Boris Auerbach, secretary, Federated Department Page Stores, on behalf of, prepared statement-- Chadwick, William J., Esq., Paul, Hastings, Janofsky and Walker, prepared statement Church Alliance for Clarification of ERISA, prepared statement (with attachments) Cowsert, Charles C., executive secretary, Board of Annuities and Relief of the Presbyterian Church of the United States, Atlanta, Ga.; Gary S. Nash, general counsel, Annuity Board of the Southern Baptist Convention, Church Alliance for Clarification of ERISA_ Prepared statement_-_-_ Cummings, Frank, chairman, Committee on Pension, Welfare and Related Curry, Bernard F., chairman, employees trusts committee, American 441 545 920 915 920 558 562 861 Prepared statement__. 864 Diamond, A. Van Horn, executive secretary-treasurer, Hawaii State Federation of Labor, AFL-CIO, prepared statement (with enclosures). ERISA Industry Committee (ERIC), prepared statement--. 239 451 Ferguson, Karen W., director, Pension Rights Center, accompanied by Jay 386 Prepared statement_-_. 393 Fink, Matthew F., general counsel, Investment Company Institute, accompanied by Ramsay D. Potts, outside counsel to the institute.. 798 Prepared statement.... 801 806 294 Finnell, John, retiree___ Fox, Douglas G., attorney, law firm in Tulsa, Okla., prepared statement---- Gibb, William T., chief counsel, Federal taxes and pensions, American Prepared statement.. Gordon, Michael S., Mittleman & Gordon, prepared statement_-_ Prepared statement____. Hills, Roderick M., Latham, Watkins & Hills, prepared statement-- Damaso, president, prepared statement_ International Longshoremen's and Warehousemen's Union, Local 142, Carl Investment Company Institute, Matthew P. Fink, general counsel, prepared statement (with attachments) – Additional comments.. Javits, Hon. Jacob K., a U.S. Senator from the State of New York__ 414 746 751 1019 236 301 527 193 194 238 801 908 105 480 487 National Federation of Independent Business, James D. "Mike" McKevitt, Page Washington counsel, on behalf of, prepared statement---. 487 Pension Rights Center, Karen W. Ferguson, director, and Jay W. Tower, staff attorney, joint prepared statement__ 393 Securities and Exchange Commission, Harold M. Williams, chairman, prepared statement_-. 324 Seidman, Bert, director, Department of Social Security, accompanied by Prepared statement____ 355 359 Smaller Business Association of New England, Edward H. Pendergast, certified public accountant, Hurdman and Cranstoun, C.P.A.S., on behalf of, prepared statement- 498 Walner, Lawrence, attorney, Chicago, Ill--. 1008 Prepared statement_. 1015 Williams, Hon. Harold M., Chairman, Securities and Exchange Commission, 320 324 ADDITIONAL INFORMATION Articles, publications, etc. : Analysis of pension simplification bills___ "Employee-Owned Companies: Is the Difference Measurable?", by Michael Conte and Arnold S. Tannenbaum, from Monthly Labor Review, July 1978___ Floor statements of Senators Williams and Javits on the introduction of S. 3017, from the Congressional Record, Senate-May 1, 1978___ "Hawaii Health Plan Could Be a Guide," from the Honolulu StarBulletin, Thursday, August 3, 1978__ "Insuring National Health," from the Honolulu Advertiser, Tuesday, August 8, 1978___ "Political Planning of a State Health Insurance Program," by Senator Donald D. H. Ching, majority leader, Hawaii State Senate_-_Communications to: Inouye, Hon. Daniel K., a U.S. Senator from the State of Hawaii, from Harrison A. Williams, Jr., Chairman, Committee on Human Resources, August 2, 1978__ Williams, Hon. Harrison A. Jr., Chairman, Subcommittee on Labor, Gibb, William T., chief counsel, Federal taxes and pensions, Amer- Marshall, Hon. Ray, Secretary, Department of Labor, Septem- 100 429 109 213 249 214 267 795 270 149 Matsunaga, Hon. Spark M., a U.S. Senator from the State of 272 August 28, 1978__ 274 Seidman, Bert, director, Department of Social Security, AFL- 384 Questions and answers: Senator Javits' questions for Joshua C. Agsalud, director, Department 250 262 APPENDIX American Paper Institute, prepared statement. 1053 American Telephone & Telegraph Co., H. Weston Clarke, Jr., vice president, human resources, prepared statement_. 1061 American Textile Manufacturers Institute, Inc., W. Ray Shockley, executive vice president, prepared statement- 1079 Arthur Young & Co., New York, N.Y., prepared statement (with attach- Page ments) A. S. Hansen, Inc., William N. Bret, chairman of the board, prepared Asling, John L., union member, Arlington, Va., prepared statement_-_. Chamber of Commerce of the United States, Hilton Davis, vice president, Church, Hon. Frank, a U.S. Senator from the State of Idaho, prepared statement 1135 1207 1085 1093 1100 1110 1151 1258 1031 Committee for ERISA Working Action, Ewa T. M. Budek-Dielski, chairman, prepared statement---- 1147 DeConcini, Hon. Dennis, a U.S. Senator from the State of Arizona, communication to Senator Harrison A. Williams, Jr., Chairman, Senate Committee on Human Resources, August 31, 1978 (with enclosure) ____ 1034 Driesen, George B., law firm of Van Arkel, Kaiser, Gressman, Rosenberg, and Driesen, Washington, D.C., prepared statement_-_. Ellingsen, Rudolph J., veteran of World War I, San Diego, Calif., prepared statement (with enclosure) 1164 1167 Faber, Peter L., attorney at law, Harter, Secrest and Emery, Rochester, 1172 Financial Accounting Standards Board, Donald J. Kirk, chairman of the board, prepared statement (with attachment) 1189 Financial Executives Institute, Charles C. Hornbostel, president, prepared statement 1201 General American Life Insurance, Milton F. Svetanics, assistant general counsel, prepared statement__. 1203 International Business Machines Corp., H. P. Kneen, Jr., director of em- International Union, United Automobile, Aerospace and Agricultural Im- IPCO, Inc., Ralph N. George, Jr., president, prepared statement.. National Senior Citizens Law Center, Bruce K. Miller and Neal S. Dudovits, National Society of Professional Engineers, and the American Society of Mechanical Engineers, Otto A. Tennant, P.E., chairman, prepared statement 1220 1225 1413 1226 1238 1256 1269 1282 1311 1334 New England Life, Jonathan R. Alder, C.L.U. executive vice president, marketing, prepared statement. 1338 Packwood, Hon. Bob, a U.S. Senator from the State of Oregon, communication to Mike Stern, staff director, Senate Finance Committee, August 23, 1978 (with enclosure) --‒‒‒‒. 1044 Price Waterhouse and Co., prepared statement---- 1347 1367 1372 1046 |