October 24, 1991
TO: PENSION COMMITTEE NO. 31-91
MEMBERS - ONE PER COMPLEX NO. 55-91
RE: REQUEST FOR LETTERS IN SUPPORT OF PENSION SIMPLIFICATION
LEGISLATION
__________________________________________________________
The Subcommittee on Select Revenue Measures of the House
Committee on Ways and Means is currently considering a number of
pension simplification proposals. As you know, the Institute has
expressed in oral and written testimony its strong support for
pension simplification, based primarily on the proposed expansion
and liberalization of the salary reduction simplified employee
pension (SEP) and the preservation of retirement assets through
direct transfers from retirement plans to IRAs. (See Institute
Memoranda to Board of Governors No. 54-91 and Pension Committee
No. 20-91, dated July 26, 1991, and Board of Governors No. 75-91
and Pension Committee No. 27-91, dated September 27, 1991.)
In light of opposition to other aspects of the proposed
legislation by individual taxpayers and certain groups, it is
very important that Institute members express their support for
pension simplification in general and one simplification bill in
particular (H.R. 2742). The Institute therefore requests the
chief executive or another officer of your organization to write
to some or all of the subcommittee members listed on Appendix A
to urge their support for H.R. 2742. It would be most effective
if these letters would be received within the next week to 10
days. The points listed in Appendix B may be used in preparing
your letters.
Please send copies of your letters to me, and feel free to
contact me at the Institute at (202) 955-3516 if you have any
questions concerning this request.
Kathy D. Ireland
Associate Counsel - Pension
Attachments