OVERSIGHT ON ERISA, 1978

HEARINGS

BEFORE THE

SUBCOMMITTEE ON LABOR STANDARDS

OF THE

COMMITTEE ON EDUCATION AND LABOR
HOUSE OF REPRESENTATIVES

NINETY-FIFTH CONGRESS

SECOND SESSION

ON

PUBLIC LAW 93-406

THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974

HEARINGS HELD IN WASHINGTON, D.C.,
MAY 17 AND JUNE 1, 1978

Printed for the use of the Committee on Education and Labor
CARL D. PERKINS, Chairman

30-779 O

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1978

COMMITTEE ON EDUCATION AND LABOR

CARL D. PERKINS, Kentucky, Chairman

Joint explanatory statement of the committee of conference

Statements of (by witness name):

Anderson, Herbert, Commissioner of Insurance, State of Iowa, and chair-
man, NAIC Preemption Task Force, accompanied by David J. Brum-
mond, counsel, National Association of Insurance Commissioners..
Barnes, Willie R., Commissioner of Corporations, State of California
Gilkey, Bob, Deputy Director, Hawaii State Department of Labor, accompa-
nied by Mario Ramil, Deputy Attorney General, State of Hawaii, Tomio
Anzai, program specialist, Disability Compensation Division, Hawaii
Department of Labor, and Stefan A. Riesenfeld, professor of law, Univer-
sity of California at Berkeley

Halperin, Daniel I., Tax Legislative Counsel, Department of the Treasury,

accompanied by Dianne Bennett and Tom McSweeny

Lind, Matthew, Executive Director, Pension Benefit Guaranty Corporation,

accompanied by Emerson Beier and Henry Rose

Marshall, Ray, Secretary of Labor, accompanied by Francis X. Burkhardt,
Assistant Secretary, Labor-Management Services Administration, Ian D.
Lanoff, Administrator, Office of Pension and Welfare Benefit Plans; and
Monica Gallagher, Associate Solicitor of Labor for Plan Benefit Security ....

Nash, Peter G., attorney, Vedder, Price, Kaufman, Kammholz & Ďay,

Washington, D.C.

Oppenheimer, Jerry L., attorney, Mayer, Brown & Platt.

Page

1

521

2

210

649

599

587

392

488

346

526

533

Paratos, George J., attorney, Vedder, Price, Kaufman, Kammholz & Day,

Washington, D.C....

522

Stone, Robert S., senior counsel, International Business Machines Corp.,

Armonk, N.Y

523

Winborne, S. A., Acting Assistant Commissioner, Internal Revenue Serv-
ice, Employee Plans and Exempt Organizations, accompanied by Fred
Ochs, Director, Employee Plans Division, and Ira Cohen, Director, Actu-
arial Division

Anderson, Herbert, Commissioner of Insurance, State of Iowa, and Chair-
man, NAIC Preemption Task Force, statement of

650

Barnes, Willie R., Commissioner of Corporations, State of California,

statement of

606

ERISA Industry Committee (ERIC), statement of

535

Gilkey, Bob, Deputy Director, Hawaii State Department of Labor, state-

ment of

590

Halperin, Daniel I., Tax Legislative Counsel, Department of Treasury,

statement of

398, 441

Lind, Matthew, Executive Director, Pension Benefit Guaranty Corporation,

statement of