The positions on the bipartisan council serve three-year terms, and meet at least four times a year. The ERISA Advisory Council has 15 members appointed by the Secretary of Labor to represent the groups and fields specified in the law that are involved in employee benefits.
The Council submits recommendations to the Secretary of Labor with respect to the carrying out of her functions under the Employee Retirement Income Security Act (ERISA).
Nominations are being accepted for five vacancies representing:
- Employers (a single employer or a representative of an organization representing employer groups and interests);
- Employees and/or employee organizations (this person must represent an organization whose members participate in a multi-employer plan);
- General public (this member must represent persons actually receiving benefits from a private-sector pension plan);
- Corporate trust (a person representing financial institutions which serve as trustees or custodians for employee benefit plans), and
- Investment management (an investment manager for a private-sector pension plan or a representative of an investment management firm).
Interested persons or organizations may nominate qualified persons for membership. Recommendations must be submitted by letter, resolution, or petition and signed by the person or, in the case of an organizational nomination, by the group’s representative making the recommendation.
The nomination should briefly describe the candidate’s qualifications, the group or field the candidate is being nominated for, the candidate’s political party affiliation and availability to serve. (ERISA law mandates that no more than eight members may represent one political party.)
Nominations should be submitted by October 1 to Sharon Morrissey, executive secretary of the ERISA Advisory Council, Room N-5677, U.S. Department of Labor, 200 Constitution Ave. NW, Washington, DC 20210.