§ 1142 TITLE 29—LABOR Page 454

1974), effective Jan. 1, 1975. Such section 111(a)(1) also

provided that the Welfare and Pension Plans Disclosure

Act should continue to apply to any conduct and events

which occurred before Jan. 1, 1975 (see section 1031 of

this title). For complete classification of the Welfare

and Pension Plans Disclosure Act to the Code prior to

such repeal, see Tables.

REGULATIONS

Secretary authorized, effective Sept. 2, 1974, to promulgate regulations wherever provisions of this subchapter call for the promulgation of regulations, see

section 1031 of this title.

§ 1142. Advisory Council on Employee Welfare

and Pension Benefit Plans

(a) Establishment; membership; terms; appointment and reappointment; vacancies; quorum

(1) There is hereby established an Advisory

Council on Employee Welfare and Pension Benefit Plans (hereinafter in this section referred to

as the ‘‘Council’’) consisting of fifteen members

appointed by the Secretary. Not more than eight

members of the Council shall be members of the

same political party.

(2) Members shall be persons qualified to appraise the programs instituted under this chapter.

(3) Of the members appointed, three shall be

representatives of employee organizations (at

least one of whom shall be representative of any

organization members of which are participants

in a multiemployer plan) ; three shall be representatives of employers (at least one of whom

shall be representative of employers maintaining or contributing to multi-employer plans);

three representatives shall be appointed from

the general public, one of whom shall be a person representing those receiving benefits from a

pension plan; and there shall be one representative each from the field of insurance, corporate

trust, actuarial counseling, investment counseling, investment management, and the accounting field.

(4) Members shall serve for terms of three

years except that of those first appointed, five

shall be appointed for terms of one year, five

shall be appointed for terms of two years, and

five shall be appointed for terms of three years.

A member may be reappointed. A member appointed to fill a vacancy shall be appointed only

for the remainder of such term. A majority of

members shall constitute a quorum and action

shall be taken only by a majority vote of those

present and voting.

(b) Duties and functions

It shall be the duty of the Council to advise

the Secretary with respect to the carrying out

of his functions under this chapter and to submit to the Secretary recommendations with respect thereto. The Council shall meet at least

four times each year and at such other times as

the Secretary requests. In his annual report submitted pursuant to section 1143(b) of this title,

the Secretary shall include each recommendation which he has received from the Council during the preceding calendar year.

(c) Executive secretary; secretarial and clerical

services

The Secretary shall furnish to the Council an

executive secretary and such secretarial, clerical, and other services as are deemed necessary

to conduct its business. The Secretary may call

upon other agencies of the Government for statistical data, reports, and other information

which will assist the Council in the performance

of its duties.

(d) Compensation

(1) Members of the Council shall each be entitled to receive the daily equivalent of the annual rate of basic pay in effect for grade GS–18

of the General Schedule for each day (including

travel time) during which they are engaged in

the actual performance of duties vested in the

Council.

(2) While away from their homes or regular

places of business in the performance of services

for Council, members of the Council shall be allowed travel expenses, including per diem in lieu

of subsistence, in the same manner as persons

employed intermittently in the Government

service are allowed expenses under section

5703(b) of title 5.

(e) Termination

Section 14(a) of the Federal Advisory Committee Act (relating to termination) shall not apply

to the Council.

(Pub. L. 93–406, title I, §512, Sept. 2, 1974, 88 Stat.

895.)

REFERENCES IN TEXT

This chapter, referred to in subsecs. (a)(2), (b), was in

the original ‘‘this Act’’, meaning Pub. L. 93–406, known

as the Employee Retirement Income Security Act of

1974. Titles I, III, and IV of such Act are classified principally to this chapter. For complete classification of

this Act to the Code, see Short Title note set out under

section 1001 of this title and Tables.

Section 14(a) of the Federal Advisory Committee Act,

referred to in subsec. (e), is section 14(a) of Pub. L.

92–463, which is set out in the Appendix to Title 5, Government Organization and Employees.

REGULATIONS

Secretary authorized, effective Sept. 2, 1974, to promulgate regulations wherever provisions of this subchapter call for the promulgation of regulations, see

section 1031 of this title.

REFERENCES IN OTHER LAWS TO GS–16, 17, OR 18 PAY

RATES

References in laws to the rates of pay for GS–16, 17,

or 18, or to maximum rates of pay under the General

Schedule, to be considered references to rates payable

under specified sections of Title 5, Government Organization and Employees, see section 529 [title I, §101(c)(1)]

of Pub. L. 101–509, set out in a note under section 5376

of Title 5.

§ 1143. Research, studies, and reports

(a) Authorization to undertake research and surveys

(1) The Secretary is authorized to undertake

research and surveys and in connection therewith to collect, compile, analyze and publish

data, information, and statistics relating to employee benefit plans, including retirement, deferred compensation, and welfare plans, and

types of plans not subject to this chapter.

(2) The Secretary is authorized and directed to

undertake research studies relating to pension

plans, including but not limited to (A) the ef-