DRAFT LETTER ON AUTOMATIC IRA ROLLOVERS; CONFERENCE CALL SCHEDULED FOR WEDNESDAY, MARCH 5, 2003 AT 1:00 PM EST

[15702] February 27, 2003 TO: PENSION COMMITTEE No. 5-03 PENSION OPERATIONS ADVISORY COMMITTEE No. 11-03 RE: DRAFT LETTER ON AUTOMATIC IRA ROLLOVERS; CONFERENCE CALL SCHEDULED FOR WEDNESDAY, MARCH 5, 2003 AT 1:00 PM EST Attached for your review is a draft letter in response to the Department of Labor’s Request for Information (RFI) on the automatic rollover provision enacted by EGTRRA. Please review the draft and provide me with any comments or suggestions. Member feedback would be particularly helpful with regard to the questions/language in brackets in the draft letter. I can be reached by e-mail at tkim@ici.org or by phone at 202/326-5837. In addition, a conference call has been scheduled for Wednesday, March 5 at 1:00 pm EST to discuss the draft letter and the Department’s RFI. If you would like to participate in this call, please complete the attached response form and fax it to Brenda Turner (at 202/326-5841) by Tuesday, March 4th, or alternatively, provide a response by email to bturner@ici.org. To participate in the call, dial 1-888-381-5772 and ask for the ICI call, passcode “automatic rollovers,” with the undersigned as moderator. Thomas T. Kim Associate Counsel Attachment (in .pdf format)