WASHINGTON (Legal Newsline) — The U.S. Department of Labor (DOL) announced Aug. 18 that its Employee Benefits Security Administration (EBSA) is soliciting nominations to fill five three-year vacancies on the Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council. The DOL noted that Aug. 31 is the deadline for nominations.
The council is comprised of 15 members and advises the department on all regulations and policies that can affect employee benefit plans governed by the Employee Retirement Income Security Act (ERISA). Members of the committee work in staggered three-year terms after appointment by the U.S. secretary of labor. Each council member represents a group of people affected by ERISA employee benefit plans.
Currently, the EBSA seeks to fill a vacancy in each of the following fields: Employee organizations; employers; corporate trust; investment management; and the general public. The department noted that those interested in nominating candidates can do so. Participation on the council generally requires a commitment of 15 to 20 days a year.