§ 1142. Advisory Council on Employee Welfare and Pension Benefit Plans

Footnotes

1. 1 See References in Text note below.
2. 2 So in original. Probably should be “for the Council,”.

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1974

   Employee Retirement Income Security Act of 1974

   Pub. L. 93–406 title I § 512 · 88 Stat. 829

   Enacted · 29 U.S.C. § 1142

   Pub. L. 93–406, title I, § 512, Sept. 2, 1974, 88 Stat. 895

   Source evidence

   Code source credit
   Pub. L. 93–406, title I, § 512, Sept. 2, 1974, 88 Stat. 895

   Enacted provision · exact public law section
   Sec. 512. advisory council (a) (1) There is hereby established an Advisory Council Advisory Council on Employee Welfare and Pension Benefit Plans. Establishment. 29 USC 1142. on Employee Welfare and Pension Benefit Plans (hereinafter in this section referred to as the “Council”) consisting of fifteen members appointed by the Secretary. Not more than eight members of the Council shall be members of the same political party. (2) Members shall be persons qualified to appraise the programs Membership. instituted under this Act. (3) Of the members appointed, three shall be representatives of employee organizations (at least one of whom shall be representative of any organization members of which are participants in a multiemployer plan); three shall be representatives of employers (at least one of whom shall be representative of employers maintaining or contributing to multiemployer plans); three representatives shall be appointed from the general public, one of whom shall be a person representing those receiving benefits from a pension plan; and there shall be one representative each from the fields of insurance, corporate trust, actuarial counseling, investment counseling, investment management, and the accounting field. (4) Members shall serve for terms of three years except that of those Terms. first appointed, five shall be appointed for terms of one year, five shall be appointed for terms of two years, and five shall be appointed for terms of three years. A member may be reappointed. A member appointed to fill a vacancy shall be appointed only for the remainder of such term. A majority of members shall constitute a quorum and action shall be taken only by a majority vote of those present and voting. (b) It shall be the duty of the Council to advise the Secretary with Duties. respect to the carrying out of his functions under this Act and to submit to the Secretary recommendations with respect thereto. The Council shall meet at least four times each year and at such other times as the Secretary requests. In his annual report submitted pursuant to section 513(b), the Secretary shall include each recommendation which he has received from the Council during the preceding calendar year. (c) The Secretary shall furnish to the Council an executive secretary and such secretarial, clerical, and other services as are deemed necessary to conduct its business. The Secretary may call upon other agencies of the Government for statistical data, reports, and other information which will assist the Council in the performance of its duties. (d) (1) Members of the Council shall each be entitled to receive the daily equivalent of the annual rate of basic pay in effect for grade GS–18 of the General Schedule for each day (including travel time) 5 USC 5332 and note. during which they are engaged in the actual performance of duties vested in the Council. (2) While away from their homes or regular places of business in Travel expenses. the performance of services for Council, members of the Council shall be allowed travel expenses, including per diem in lieu of subsistence, in the same manner as persons employed intermittently in the Government service are allowed expenses under section 5703(b) of title 5 of the United States Code. (e) Section 14(a) of the Federal Advisory Committee Act (relating 5 USC app. 14. to termination) shall not apply to the Council.

2. 2022

   Pub. L. 117–286 § 4(a)(189) · 136 Stat. 4196

   Substituted · 29 U.S.C. § 1142(e)

   Pub. L. 117–286 substituted “Section 1013(a) of title 5 (relating to termination)” for “Section 14(a) of the Federal Advisory Committee Act (relating to termination)”

   Source evidence

   Code amendment note
   Subsec. (e). Pub. L. 117–286 substituted “Section 1013(a) of title 5 (relating to termination)” for “Section 14(a) of the Federal Advisory Committee Act (relating to termination)”.

   Enacted provision · exact public law section
   (189) Section 512(e) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1142(e)) is amended by striking “Section 14(a) of the Federal Advisory Committee Act (relating to termination)” and inserting “Section 1013(a) of title 5, United States Code (relating to termination),”.

2 of 2 references resolved to an enrolled provision