GENERAL OVERSIGHT ON ERISA HEARING BEFORE THE SUBCOMMITTEE ON LABOR STANDARDS OF THE COMMITTEE ON EDUCATION AND LABOR HOUSE OF REPRESENTATIVES NINETY-FOURTH CONGRESS SECOND SESSION ON Public Law 93-406 THE EMPLOYEE RETIREMENT INCOME SECURITY HEARING HELD IN WASHINGTON, D.C., JUNE 1, 1976 Printed for the use of the Committee on Education and Labor COMMITTEE ON EDUCATION AND LABOR CARL D. PERKINS, Kentucky, Chairman FRANK THOMPSON, JR., New Jersey IKE ANDREWS, North Carolina ROBERT J. CORNELL, Wisconsin PAUL SIMON, Illinois EDWARD BEARD, Rhode Island ALBERT H. QUIE, Minnesota SUBCOMMITTEE ON LABOR STANDARDS DOMINICK V. DANIELS, New Jersey CARL D. PERKINS, Kentucky ex officio JOHN N. ERLENBORN, Illinois RONALD A. SARASIN, Connecticut JOHN M. ASHBROOK, Ohio ALPHONZO BELL, California WILLIAM F. GOODLING, Pennsylva ALBERT H. QUIE, Minnesota ex officio CONTENTS aring held in Washington, D.C., June 1, 1976 tement of - Fay, Richard H., Esq., Reed Smith Shaw & McClay Georgine, Robert A., president, building and construction trades department, Hackett, Stanley H., associate general counsel, National Association of Hutchinson, James D., administrator, pension and welfare benefit programs, U.S. Department of Labor, accompanied by Steven J. Sacher, associate solicitor, plan benefits security division and William J. Chadwick, special epared statements, letters, supplemental material, etc.: Georgine, Robert A., president, building and construction trades depart- ment, AFL-CIO, National Coordinating Committee for Multiemployer Amendments to ERISA,” a memorandum "Classes of Transactions Among Multiemployer Plans Which May Require Exemptions From the Prohibited Transactions Provisions of the Employee Retirement Income Security Act," a memorandum Letter from James D. Hutchinson, administrator for pension and welfare benefit programs, Office of Employee Benefits Security, Department of Labor, and Alvin D. Lurie, employee plans and exempt organizations, |