NEWS RELEASE

October 3, 2008
PR-08/22
For additional information:
Jason Hammersla
202-289-6700


Council available to comment on employee benefits provisions of economic rescue bill

WHO: James Klein, president, American Benefits Council
Lynn Dudley, senior vice president, policy, American Benefits Council
Diann Howland, vice president, legislative affairs, American Benefits Council
Jan Jacobson, senior counsel, retirement policy, American Benefits Council
WHAT:

The economic rescue legislation (H.R. 1424), passed on October 1 by the Senate and on October 3 by the House of Representatives, contains a number of provisions directly relating to the employer-sponsored benefits system. The Council is available to comment on these provisions, as well as other general aspects of the rescue package as they relate to health and pension plans.

Relevant provisions of the legislation address such topics as mental health parity, extension and modification of the Alternative Minimum Tax credit for incentive stock options (ISO), modification of the tax treatment of "offshore" nonqualified deferred compensation and pension reporting relief for certain disaster areas

WHERE: Interviews may be conducted via phone, e-mail or in person at the Council offices at 1501 M Street NW, Suite 600, Washington DC.
WHEN: Any time following receipt of this advisory. Council office hours are 8:00 a.m. to 5:30 p.m. ET, Monday through Friday. At other times, please see the contact information below.
CONTACT: For interviews with Council staff, please contact Jason Hammersla, Council director, communications & publications, at jhammersla@abcstaff.org. You may reach him by phone during business hours at 202-289-6700 and after business hours at 202-253-5458.

# # #

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 Councils member's 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.


# # #

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 Councils member's 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.