[9449]
November 24, 1997
TO: PENSION COMMITTEE No. 46-97
PENSION OPERATIONS ADVISORY COMMITTEE No. 45-97
RE: NEW SUBCOMMITTEE ON TECHNOLOGY SCHEDULED TO MEET ON JANUARY 8
____________________________________________________________________________________
The Institute is forming a new subcommittee to discuss the implementation of
technology in the retirement plans area. In particular, the goal of this subcommittee will be to
identify and recommend regulatory changes to the Department of Labor and Department of
Treasury.
The Taxpayer Relief Act of 1997 directs both agencies to issue guidance facilitating the
use of new technology, such as voice response systems, computers and E-mail, for plan
purposes. Specifically, TRA ‘97 directs the agencies to interpret the notice, election, consent,
disclosure and time requirements under the Internal Revenue Code and ERISA as applied to
the use of new technologies and to clarify the extent to which writing requirements under the
Internal Revenue Code may be interpreted to permit paperless transactions. Both agencies
must issue guidance by December 31, 1998.
The first meeting of the subcommittee will be held on January 8 from 10:00 a.m. to 12:30
p.m. in the David Silver Conference Room at the Institute’s offices at 1401 H Street, NW,
Washington. A lunch will follow the meeting. If you plan to attend, please complete the
attached form and fax it to Theresa Brice at (202) 326-5839.
Russell G. Galer
Associate Counsel - Pension
Attachment (in .pdf fomat)
ATTENDANCE RESPONSE FORM
INVESTMENT COMPANY INSTITUTE
TECHNOLOGY SUBCOMMITTEE MEETING
Thursday, January 8, 1998
Please fax this portion by Friday, January 2, 1998 to Theresa Brice
Investment Company Institute, 202-326-5839.
YES NO
____ ____ TECHNOLOGY SUBCOMMITTEE MEETING - 10:00 a.m.
____ ____ LUNCH
___________________________________________
COMMITTEE MEMBER’S NAME
or __________________________________
ALTERNATE’S NAME
_________________________________________________
COMPANY NAME
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