April 30, 1991
TO: PENSION COMMITTEE NO. 9-91
OPERATIONS COMMITTEE NO. 13-91
TRANSFER AGENT ADVISORY COMMITTEE NO. 22-91
RE: PROPOSED PENSION OPERATIONS COMMITTEE
__________________________________________________________
The Institute has received many recent requests to develop
a committee for mutual fund employees who work in the retirement
plan services area (employer plans and IRAs) to discuss
operational and administrative issues as well as common problems
experienced in this area. This Pension Operations Committee
would serve as a means for such employees to exchange ideas and
learn about current practices and solutions for ongoing matters
and new developments. Systems limitations, improvements and
developments also could be topics for discussion by the
committee. (For example, since Desert Storm personnel may make
IRA contributions for 1990 past the due date for the ordinary
taxpayer, the committee could discuss the procedures which are
being used to process such contributions when they arrive.)
The committee is not intended to concern itself with
pension legal or policy issues which come within the purview of
the Institute's Pension Committee and are generally handled
within legal departments of individual fund complexes, although
the committee may discuss how certain legal requirements can be
implemented. Likewise, the committee generally will not address
broad operational issues which are within the purview of the
Institute's Operations Committee and Transfer Agent Advisory
Committee, although the committee may focus on technical aspects
of these issues.
Please complete the attached, short questionnaire regarding
the proposed Pension Operations Committee. The questionnaire
requests suggestions for topics to be addressed by the new
committee and we encourage both specific and general
recommendations in this regard. We anticipate that the responses
to the attached questionnaire also will help define parameters
for any mutual fund pension conference which the Institute may
sponsor in the future which would address more complex legal,
policy and technical issues than are now discussed at the
Institute's pension workshops.
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We ask that the questionnaire be returned by May 30, 1991.
Depending on the responses, we expect to schedule the first
meeting of the Pension Operations Committee in June or July.
W. Richard Mason
Assistant Counsel - Pension
Attachment
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PENSION OPERATIONS COMMITTEE QUESTIONNAIRE
Return by May 30, 1991 to: W.Richard Mason
Assistant Counsel - Pension
Investment Company Institute
1600 M Street, NW, Suite 600
Washington, DC 20036
FAX 202-659-1519
The Investment Company Institute is considering establishing a
committee for mutual fund retirement plan services personnel to
discuss technical, operational and other administrative issues
for the purpose of exchanging information and ideas in the
retirement plan and IRA areas.
1. Are you in favor of establishing this committee?
[] Yes [] No
Please provide your name and the name of your firm:
NAME: __________________________________________________
FIRM: __________________________________________________
2. Would an individual in your firm participate on this
committee?
[] Yes [] No
If "Yes", please fill in their name, title and address.
NAME: __________________________________________________
TITLE: __________________________________________________
ADDRESS: __________________________________________________
__________________________________________________
__________________________________________________
3. Please provide any problems, issues, topics, or other areas
of concern which the committee should address (use
additional sheets if necessary):
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
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