[Federal Register Volume 61, Number 16 (Wednesday, January 24, 1996)]
[Proposed Rules]
[Pages 1879-1880]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-1136]



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DEPARTMENT OF LABOR

Pension and Welfare Benefits Administration

29 CFR Part 2510


Proposed Regulation Relating to Definition of Plan Assets; 
Participant Contributions

AGENCY: Pension and Welfare Benefits Administration, Department of 
Labor.

ACTION: Notice of rescheduling of date for public hearing.

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SUMMARY: This document reschedules the date for a public hearing on the 
proposed rule under Title I of the Employee Retirement Income Security 
Act of 1974, as amended, 29 U.S.C. 1001-1461 (the Act), relating to 
revision of the definition of when certain monies which a participant 
pays to, or has withheld by, an employer for contribution to an 
employee benefit plan are ``plan assets'' for purposes of Title I of 
the Act. The proposed rule was set forth in a notice of proposed 
rulemaking published in the Federal Register at 60 FR 66036 (December 
20, 1995).

DATES: The public hearing on this proposed rule is rescheduled to 
Thursday, February 22, 1996, and, if necessary based on the volume of 
requests by the public to testify, to Friday, February 23, 1996. The 
hearing will begin at 10:00 a.m. on both days.

ADDRESSES: Written requests to present public testimony concerning the 
proposed rule should be submitted by February 14, 1996 to: Pension and 
Welfare Benefits Administration, Room N-5669, U.S. Department of Labor, 
200 Constitution Ave., N.W., Washington, DC 20210. Attention: Proposed 
Participant Contribution Regulation. All submissions will be open to 
public inspection at the Public Documents Room, Pension and Welfare 
Benefits Administration, U.S. Department of Labor, Room N-5638, 200 
Constitution Ave., N.W., Washington, DC 20210. The rescheduled hearing 
on the proposed regulation will be held in Room N-3437 A and B, 200 
Constitution Ave., N.W., Washington, DC 20210.

FOR FURTHER INFORMATION CONTACT:
Rudy Nuissl, Office of Regulations and Interpretations, Pension and 
Welfare Benefits Administration, U.S. Department of Labor, Rm N-5669, 
200 Constitution Ave., N.W., Washington, DC 20210 (telephone (202) 219-
7461) or William W. Taylor, Office of the Solicitor, Plan Benefits 
Security Division, U.S. Department of Labor, Rm N-4611, 200 
Constitution Ave., N.W., Washington, DC 20210 (telephone (202) 219-
9141). These are not toll-free numbers.

SUPPLEMENTARY INFORMATION: On December 20, 1995, the Department of 
Labor (the Department) published a notice of proposed rulemaking in the 
Federal Register (60 FR 66036) which would revise the definition of 
when certain monies which a participant pays to, or has withheld by, an 
employer for contribution to an employee benefit plan are ``plan 
assets'' for purposes of Title I of the Act. In that notice the 
Department scheduled a public hearing with respect to the proposal, to 
be held on January 24 and January 25, 1996, and invited interested 
persons to submit written requests to testify at the hearing.
    The Department has received requests from some members of the 
public for additional time for preparation of testimony on the proposed 
rule, and the Department believes that it is appropriate to grant such 
additional time. Accordingly, this notice reschedules the public 
hearing on the proposed rule to Thursday, February 22, 1996 and, if 
necessary, to Friday, February 23, 1996. Requests to present public 
testimony should be submitted by February 14. Unless otherwise advised, 
the Department will assume that persons who have already submitted 
written requests to testify at the January 24-25 hearing will wish to 
testify at the hearing rescheduled for February 22-23.
    The December 20, 1995 Federal Register notice also stated that 
written comments concerning the proposed regulation must be received by 
February 5, 1996. The Department has determined that the February 5 
deadline for submission of written comments will continue to apply, 
notwithstanding the rescheduling of the public hearing.

Notice of Rescheduling of Date for Public Hearing

    Notice is hereby given that the public hearing for the proposed 
rule (published at 60 FR 66036, December 20, 1995) relating to revision 
of the definition of 

[[Page 1880]]
when certain monies which a participant pays to, or has withheld by, an 
employer for contribution to an employee benefit plan are ``plan 
assets'' for purposes of Title I of the Act is rescheduled to Thursday, 
February 22, 1996 and, if necessary, to Friday, February 23, 1996.

    Signed at Washington, DC, this 19th day of January 1996.
Olena Berg,
Assistant Secretary, Pension and Welfare Benefits Administration.
[FR Doc. 96-1136 Filed 1-23-96; 8:45 am]
BILLING CODE 4510-29-M