THURSDAY, NOVEMBER 12, 1981 Niskanen, Dr. William A., member, President's Council of Economic Advisers, Washington, D.C., accompanied by Robert Nagle, executive director, Pension Benefit Guaranty Corporation Givens, Harrison Jr., senior vice president, Equitable Life Assurance Society, New York City, accompanied by George Pantos, counsel, representing ERISA Industry Committee (ERIĆ) and Irvine H. Dearnley, vice president, Citibank, N.A.; New York; accompanied by Claudia Vine, National Association of Manufacturers, representing the National Association of Manufacturers, a panel......... Duzak, Thomas, Pension Department, Washington, D.C., accompanied by John J. Sheehan, legislative director and S. Howard Kline, counsel for employment benefits, Pittsburgh, Pa.... Treacy, James B., chairman and chief executive officer, Facet Enterprises, Inc., Tulsa, Okla., accompanied by James R. Malone, president and chief operating officer; Harris Weinstein, Esq., counsel; and John Vine, Esq., counsel, Covington and Burling Miller, Hilary B., chairman of the board, Alloytek, Inc., New York, N.Y. Williams, Russell L., president, Agricultural Producers, Los Angeles, Calif., on behalf of Citrus-Avocado Pension Trust, accompanied by Janed Clark, manager; Maurice Simmons, actuary; and Leon Gordon, Esq., counsel......... Jackson, Paul H., consultant to the National Small Business Association, Washington, D.C., accompanied by Carl A. Beck, president, Charles Beck Machine Corp., King of Prussia, Pa.. TUESDAY, JANUARY 26, 1982 Donovan, Hon. Raymond J., Secretary, Department of Labor, accompanied by Page 443 465 498 518 538 554 570 756 772 Lugar, Hon. Richard G., a U.S. Senator from the State of Indiana. Harris, Morton A., president, Small Business Council of America, Inc., accompanied by Harry V. Lamon, Jr., of the law firm of Page, Scrantom, Harris, McGlamry and Chapman, Columbus, Ga.; Scott J. Macey, American Telephone and Telegraph Co., Basking Ridge, N.J., representing the ERISA Industry Committee, accompanied by George Pantos of the law firm of Vedder, Price, Kaufman, Kammholz and Day, Washington, DC., a panel...... 777 Levins, Marvin A., senior vice president, group pension and reinsurance operations, Connecticut General Life Insurance Co., Hartford, Conn., on behalf of the American Council of Life Insurance; Charles A. Moran, senior vice president, Manufacturers Trust Co., chairman of employee benefits service committee, American Bankers Association, New York City, N.Y., on behalf of the American Bankers Association; and Theodore R. Groom, Esq., Groom and Nordberg, Washington, D.C., on behalf of the Prudential Life Insurance Co. of America, the Equitable Life Assurance Society of the United States, John Hancock Mutual Life Insurance Co., Connecticut General Life Insurance Co., and Aetna Life and Casualty, a panel. Zaleznick, Steven, legislative representative, American Association of Retired Persons, Washington, D.C.; Stephen R. Bruce, deputy director, Pension Rights Center, Washington, D.C.; and Michael S. Gordon, law firm of Mittleman and Gordon, Washington, D.C., a panel Johnson, Douglas E., vice president for corporate planning, Chase Home Mortgage Corp., Montvale, N.J., on behalf of the Mortgage Bankers Association of America; Steven P. Doehler, staff vice president, Mortgage Insurance Companies of America; Stuart M. Lewis, Esq., Silverstein and Mullens, Washington, D.C., accompanied by Deborah I. Miller, on behalf of the National Association of Home Builders, a panel. 793 834 866 STATEMENTS American Academy of Actuaries, prepared statement... 340 815 689 American Council of Life Insurance and the Health Insurance Association of statement. Page 188 742 681 1055 American Land Title Association, Fred B. Fromhold, president, prepared American Optometric Association, James W. Clark, Jr., director, Washington office, prepared statement. 635 American Podiatry Association, Herbert Rothfeld, DPM, president, prepared statement. 683 American Psychological Association and the Association for the Advancement of Psychology, prepared statement.. 654 American Society of Pension Actuaries, Vincent Rubino, vice chairman, government affairs committee, prepared statement 367 American Society for Personnel Administration, James H. Ferguson, vice president, government affairs, prepared statement 647 American Trucking Associations, Inc., Bennett C. Whitlock, Jr., president, prepared statement.. 661 Associated Builders and Contractors, prepared statement. 979 Associated General Contractors of America, Edward P. Clarke, on behalf of, prepared statement..... 322 955 702 Association of Advanced Life Underwriting and the National Association for Prepared statement Central States, Southeast and Southwest Areas Pension Fund, George W. Duzak, Thomas, Pension Department, Washington, DC., accompanied by 294 298 1031 319 756 498 Erlenborn, Hon. John N., a Representative in Congress from the State of 23 Prepared statement (with attachments) 33 Financial Executives Institute, Jack R. Anderson, chairman, committee on 737 637 Georgine, Robert A., chairman, National Coordinating Committee for Multiemployer Plans, accompanied by Jack Curran, legislative director; and Peter Schmidt, legal counsel. Givens, Harrison Jr., senior vice president, Equitable Life Assurance Society, New York City, accompanied by George Pantos, counsel, representing ERISA Industry Committee (ERIC) and Irvine H. Dearnley, vice president, Citibank, N.A., New York; accompanied by Claudia Vine, National Association of Manufacturers, representing the National Association of Manufacturers, a panel.... 465 Prepared statement 469 Supplemental statement. 474 Gordon, Michael S., partner, law firm of Mittleman and Gordon, prepared statement. 846 Gorton, Hon. Slade, a U.S. Senator from the State of Washington. 3 7 Greenough, William C., Ph. D., chairman, Subcommittee on Retirement 106 Prepared statement 113 Groom, Theodore R., member, law firm of Groom and Nordberg, prepared statement (with attachments).... 215 Groom, Theodore R., member, law firm of Groom and Nordberg, prepared statement (with attachments)-Continued Hacking, James M., assistant legislative counsel, American Association of Retired Persons, National Retired Teachers Association, Washington, D.C., accompanied by Steve Zaleznick; Kathy H. Wilson, National chair, National Women's Political Caucus, Washington, D.C., accompanied by Carol Bros; and Karen W. Ferguson, director, Pension Rights Center, Washington, D.C., accompanied by Stephen Bruce, deputy director and staff attorney, a panel.. Prepared statement (with attachment)... Harris, Morton A., president, Small Business Council of America, Inc., accompanied by Harry V. Lamon, Jr., of the law firm of Page, Scrantom, Harris, McGlamry and Chapman, Columbus, Ga.; Scott J. Macey, American Telephone and Telegraph Co., Basking Ridge, N.J., representing the ERISA Industry Committee, accompanied by George Pantos of the law firm of Vedder, Price, Kaufman, Kammholz and Day, Washington, D.C., a panel ........ Prepared statement Hart, Jeff R., executive director, Association of Private Pension and Welfare Plans, Inc., Washington, D.C., accompanied by Gary Quintiere, legal counsel. Prepared statement Hatch, Hon. Orrin G., a U.S. Senator from the State of Utah, prepared International Union, United Automobile, Aerospace and Agricultural Imple- Jackson, Paul H., consultant to the National Small Business Association, James, Robert L., vice president, finance/treasurer, Chemtech Industries, Inc., Prepared statement Johnson, Douglas E., vice president for corporate planning, Chase Home Mortgage Corp., Montvale, N.J., on behalf of the Mortgage Bankers Association of America; Steven P. Doehler, staff vice president, Mortgage Insurance Companies of America; Stuart M. Lewis, Esq., Silverstein and Mullens, Washington, D.C., accompanied by Deborah I. Miller, on behalf of the National Association of Home Builders, a panel Prepared statement Kellison, Stephen G., executive director, American Academy of Actuaries, Washington, D.C., accompanied by Gerald Richmond, chairman, subcommittee on ERISA; and Vincent Rubino, vice chairman, government affairs committee, American Society of Pension Actuaries, New York, N.Y., a panel. Prepared statement (with attachments) Levin, Hon. Carl, a U.S. Senator from the State of Michigan, prepared statement..... Levins, Marvin A., senior vice president, group pension and reinsurance Lugar, Hon. Richard G., a U.S. Senator from the State of Indiana... 793 796 772 538 542 Moran, Charles A., senior vice president, Manufacturers Hanover Trust Co., Page 170 173 Morage Insurance Companies of America, Steven P. Doehler, staff vice president, prepared statement (with attachments).... 887 Mahler, John G., president, John G. Mutschler and Associates, Inc., prepared statement.. 987 National Association of Home Builders, Stuart M. Lewis, on behalf of, prepared statement.... 923 National Association of Manufacturers, Irvine H. Dearnley, vice president, 484 National Association of Mature People, Richard E. Shepherd, executive secretary, prepared statement.. 680 Ninal Association of Real Estate Investment Trusts, Inc., Allan H. Gliddea, president, prepared statement.. 945 Natonal Automobile Dealers and Associates Retirement Trust, prepared statement 744 National Coordinating Committee for Multiemployer Plans, prepared state 597 ment. National Federation of Business and Professional Women's Clubs, Inc., of the National Rural Electric Cooperative Association, prepared statement... 672 616 ment... 670 National Women's Political Caucus, Kathy Wilson, National chair, prepared statement 402 Viskanen, Dr. William A., member, President's Council of Economic Advisers, Washington, D.C., accompanied by Robert Nagle, executive director, Pennon Benefit Guaranty Corporation. 443 Prepared statement 449 Pension Rights Center, Stephen R. Bruce, deputy director, prepared state Bent. 838 417 Pension Rights Center, Karen W. Ferguson, director, and Stephen R. Bruce, ment. Prudential Insurance Co. of America, Equitable Life Assurance Society of the ment 726 220 9 Smail Business Council of America, Inc., Morton A. Harris, Esq., president, prepared statement.. 129 Society of Professional Benefit Administrators, Frederick D. Hunt, Jr., execu- 311 Teamsters For a Democratic Union, Arthur L. Fox II, and Joseph Keffer, on behalf of, prepared statement...... 1020 Teamsters for a Democratic Union, prepared statement. 642 Treacy, James B., chairman and chief executive officer, Facet Enterprises, Inc., Tulsa, Okla., accompanied by James R. Malone, president and chief operating officer; Harris Weinstein, Esq., counsel; and John Vine, Esq., counsel, Covington and Burling 518 Prepared staterent 521 United Methodist Church, Board of Global Ministries, Joyce V. Hamlin, secretary for legislative affairs, prepared statement 671 United States Conference of Mayors, John R. Price, senior vice president, Manufacturers Hanover and chairman, U.S. Conference of Mayors, allied membership program, prepared statement.. United Steelworkers of America, Lloyd McBride, president, prepared statement, November 12, 1981. Prepared statement January 26, 1982. Weil, Gotschal and Manges, firm of, prepared statement Women's Equity Action League, Carol Burroughs Grossman, national presi- Zaleznick, Steven, legislative representative, American Association of Retired F 10 A 10 10 2 5 5 6 83 ADDITIONAL INFORMATION Articles, publications, etc.: Mortgage Pools: Prohibited Transactions Under ERISA, by William J. 91 Upcoming Conflict, the, Labor Notes, by Dennis M. Bradshaw, from Constructor, 1980, pp. 56-57 33 Nickles, Hon. Don, a U.S. Senator from the State of Oklahoma from: 103 102 1008 Selected charts: Selected interest rates and yields, 1970-80, from the Federal Reserve 774 |