BENEFITS BYTE

June 8, 2004
BB 04—63

Council to Unveil Long-Term Strategic Plan Report

On June 9, in conjunction with the Spring 2004 Board of Directors meeting and a media briefing attended by Representatives John Boehner (R-OH) and Rob Andrews (D-NJ), the Council will formally release Safe and Sound: A Ten-Year Plan for Promoting Personal Financial Security.

The report is the Council's long-term public policy strategic plan that examines the ten-year future of our retirement, health care for active workers and retirees, long-term care and stock ownership systems.

The document identifies the most prominent demographic and policy challenges threatening personal financial security and sets forth nine specific, quantitative goals to be achieved by the year 2014, each accompanied by a set of policy recommendations intended to help accomplish these goals. In particular, it focuses on the responsibilities of the key stakeholders — individuals, employers and the government — in ensuring a sustainable employee benefits system.

Safe and Sound is the culmination of two years of intensive research, meetings and deliberations undertaken by the Council under the leadership of a special task force of the Board of Directors and with the input of the membership-at-large and many others. We appreciate so much the comments received during the development of the plan and would be interested to hear your feedback on the final report.

We are particularly gratified that Rep. Boehner, chairman of the U.S. House of Representatives Education and the Workforce Committee, and Rep. Andrews, ranking member of the Subcommittee on Employer-Employee Relations, are participating in the formal release of this report to underscore the need for bipartisan efforts to address the serious challenges involved in ensuring Americans' personal financial security.

Printed copies of the paper are available by contacting Denise Ferland at 202-289-6700. An electronic version, embargoed until 10:00 a.m. ET on Wednesday, June 9, is now available at the following address: http://snipurl.com/stratplan

For more information on the development or the content of our report, contact Council President James Klein at (202) 289-6700.

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The American Benefits Council is the national trade association for companies concerned about federal legislation and regulations affecting all aspects of the employee benefits system. The Council's members represent the entire spectrum of the private employee benefits community and either sponsor directly or administer retirement and health plans covering more than 100 million Americans.