NEWS ADVISORY

September 7, 2011
PR-11/12
For additional information:
Jason Hammersla
office 202-289-6700
cell 202-422-4652

Obama jobs, growth proposal may have implications for employer-sponsored health and retirement benefit plans

Council available to comment

WHO: James Klein, president, American Benefits Council
WHAT:

In his address to a joint session of Congress on Thursday, September 8, President Barack Obama is expected to discuss his proposed strategy for increasing employment and economic growth. The American Benefits Council will be prepared to comment on specific approaches with implications for employer sponsors of health and retirement benefit plans, such as regulatory relief and pension plan funding reform.

"The President and Congress agree that regulatory relief is a critical ingredient of maintaining and creating jobs. So it is essential that Executive branch agencies make it possible for employers to meet their responsibilities under the Affordable Care Act, and other laws, in as flexible and cost-effective way as possible," Council President James A. Klein said.

"In addition, after the stock market plunged in 2008, Republicans and Democrats in Congress took action to ensure that pension plan funding relief was enacted. As economic challenges continue for the third straight year, it is more important than ever to pursue policies that will enable companies to fund pension plans in a smooth and predictable way."

Klein will be available to comment on employee benefits issues related to the President's remarks before and after the speech.

WHEN: Any time following receipt of this advisory, including during and following the address. Council office hours are 9:00 a.m. to 5:30 p.m. ET, Monday through Friday. At other times, please see the contact information below.
WHERE: Interviews may be conducted via phone, e-mail or in person at the Council offices at 1501 M Street, Suite 600, Washington DC.
CONTACT:

For interviews with Council staff immediately following President Obama's message, please contact Jason Hammersla, Council director, communications, at (202) 422-4652. You may also reach James A. Klein directly at (202) 494-4300.

For other queries, or to schedule an interview during business hours, contact Hammersla at jhammersla@abcstaff.org or by phone at 202-289-6700.

# # #

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.