April 21, 1997
VIA FAX AND REGULAR MAIL
TO: PENSION COMMITTEE No. 8-97
RE: MAY 22 MEETING TO DISCUSS PLAN EXPENSE ISSUES & WISE
TECHNICAL SUPPORT
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A meeting to discuss plan expense issues and technical issues associated with the
Women’s Investment and Savings Equity Act of 1997 ("WISE") has been scheduled for
Thursday, May 22, 1997. The meeting will be held from 1:30 - 4:30 p.m. in the Institute's David
Silver Conference Room, 1401 H Street, N.W., 12th Floor, Washington, D.C. A lunch will be
served immediately preceding the meeting at noon.
The purpose of the meeting is two-fold. First, we believe that a general discussion of
plan expenses would assist both individual members and the Institute to clarify the unique
services that mutual funds provide to the retirement saving industry. Second, we have been
asked by Senator Gregg’s staff and the Senate Republican Task Force to provide technical
assistance to the WISE bill. Specifically, we will review the bill’s "catch-up" provisions in detail
to ensure that they are implemented in an administratively feasible manner. We hope to
provide helpful suggestions and comments to Senator Gregg and the Senate Republican Task
Force in a follow-up letter. I have attached a copy of the bill as introduced on April 17 (WISE
bill is being sent via mail).
Please feel free to call me with questions or comments at 202-218-3563. To assist us in
obtaining an accurate registration of attendees, please indicate on the attached response form if
you or an alternate plan to attend the meeting and luncheon.
Kathryn A. Ricard
Assistant Counsel - Pension
Attachments