ASPPA Supports the Professional Employer Organization Workers Benefits Act of 2001
ASPPA's executive director wrote Senator Grassley, Senator Graham, Representative Cardin, and Representative Portman in support of the Professional Employer Organization Workers Benefits Act of 2001. Read the letters here.
The Honorable Charles E.
Grassley
United States Senate
Washington, DC 20510
Dear Senator Grassley:
The American Society of Pension Actuaries (ASPPA) supports your recently introduced legislation, S. 1305, the Professional Employer Organization Workers Benefits Act of 2001.
ASPPA is a national organization of over 5,000 members who provide professional services for about one-third of the qualified retirement plans in the United States, the majority of which are maintained by small businesses. ASPPA's mission is to educate retirement plan professionals and to preserve and enhance the private retirement system as part of the development of a cohesive and coherent national retirement income policy. The membership of ASPPA has unusual insight into current practical problems with ERISA, with a particular focus on the issues and challenges faced by smaller employers.
Thanks to your efforts, the pension reform provisions included in the Economic Growth and Tax Relief Reconciliation Act of 2001 will make a major contribution toward expanding small business retirement plan coverage. However, as retirement plan professionals who work primarily with small businesses, the members of ASPPA acutely understand the continuing need to search for new ways to make it possible for small employers to afford adequate pension coverage for their workers. We believe that S. 1305 will provide another important tool to help small businesses provide retirement coverage to rank-and-file workers.
Professional employer organizations (PEOs) represent an innovative way to deliver retirement benefits to many small business employees without any retirement plan coverage. However, there are a number of current legal uncertainties that prevent small businesses from taking advantage of the retirement benefits provided through PEO’s. S. 1305 clarifies these uncertainties in a way that fully protects the interests of rank-and-file small business employees. In doing so, S. 1305 will not only expand small business retirement coverage, it will encourage quality small business retirement plan coverage.
We look forward to working with you and other supporters of the legislation to enact this bill as soon as possible. Thank you for this, and for all of your outstanding efforts to improve the retirement security of small business employees.
Sincerely,
Brian H. Graff
The Honorable Bob Graham
United States Senate
Washington, DC 20510
Dear Senator Graham:
The American Society of Pension Actuaries (ASPPA) supports your recently introduced legislation, S. 1305, the Professional Employer Organization Workers Benefits Act of 2001.
ASPPA is a national organization of over 5,000 members who provide professional services for about one-third of the qualified retirement plans in the United States, the majority of which are maintained by small businesses. ASPPA's mission is to educate retirement plan professionals and to preserve and enhance the private retirement system as part of the development of a cohesive and coherent national retirement income policy. The membership of ASPPA has unusual insight into current practical problems with ERISA, with a particular focus on the issues and challenges faced by smaller employers.
Thanks to your efforts, the pension reform provisions included in the Economic Growth and Tax Relief Reconciliation Act of 2001 will make a major contribution toward expanding small business retirement plan coverage. However, as retirement plan professionals who work primarily with small businesses, the members of ASPPA acutely understand the continuing need to search for new ways to make it possible for small employers to afford adequate pension coverage for their workers. We believe that S. 1305 will provide another important tool to help small businesses provide retirement coverage to rank-and-file workers.
Professional employer organizations (PEOs) represent an innovative way to deliver retirement benefits to many small business employees without any retirement plan coverage. However, there are a number of current legal uncertainties that prevent small businesses from taking advantage of the retirement benefits provided through PEO’s. S. 1305 clarifies these uncertainties in a way that fully protects the interests of rank-and-file small business employees. In doing so, S. 1305 will not only expand small business retirement coverage, it will encourage quality small business retirement plan coverage.
We look forward to working with you and other supporters of the legislation to enact this bill as soon as possible. Thank you for this, and for all of your outstanding efforts to improve the retirement security of small business employees.
Sincerely,
Brian H. Graff
The Honorable Benjamin L.
Cardin
United States House
of Representatives
Washington, DC 20515
Dear Representative Cardin:
The American Society of Pension Actuaries (ASPPA) supports your recently introduced legislation, H.R. 2807, the Professional Employer Organization Workers Benefits Act of 2001.
ASPPA is a national organization of over 5,000 members who provide professional services for about one-third of the qualified retirement plans in the United States, the majority of which are maintained by small businesses. ASPPA's mission is to educate retirement plan professionals and to preserve and enhance the private retirement system as part of the development of a cohesive and coherent national retirement income policy. The membership of ASPPA has unusual insight into current practical problems with ERISA, with a particular focus on the issues and challenges faced by smaller employers.
Thanks to your efforts, the pension reform provisions included in the Economic Growth and Tax Relief Reconciliation Act of 2001 will make a major contribution toward expanding small business retirement plan coverage. However, as retirement plan professionals who work primarily with small businesses, the members of ASPPA acutely understand the continuing need to search for new ways to make it possible for small employers to afford adequate pension coverage for their workers. We believe that H.R. 2807 will provide another important tool to help small businesses provide retirement coverage to rank-and-file workers.
Professional employer organizations (PEOs) represent an innovative way to deliver retirement benefits to many small business employees without any retirement plan coverage. However, there are a number of current legal uncertainties that prevent small businesses from taking advantage of the retirement benefits provided through PEO’s. H.R. 2807 clarifies these uncertainties in a way that fully protects the interests of rank-and-file small business employees. In doing so, H.R. 2807 will not only expand small business retirement coverage, it will encourage quality small business retirement plan coverage.
We look forward to working with you and other supporters of the legislation to enact this bill as soon as possible. Thank you for this, and for all of your outstanding efforts to improve the retirement security of small business employees.
Sincerely,
Brian H. Graff
The Honorable Rob J. Portman
United States House
of Representatives
Washington, DC 20515
Dear Representative Portman:
The American Society of Pension Actuaries (ASPPA) supports your recently introduced legislation, H.R. 2807, the Professional Employer Organization Workers Benefits Act of 2001.
ASPPA is a national organization of over 5,000 members who provide professional services for about one-third of the qualified retirement plans in the United States, the majority of which are maintained by small businesses. ASPPA's mission is to educate retirement plan professionals and to preserve and enhance the private retirement system as part of the development of a cohesive and coherent national retirement income policy. The membership of ASPPA has unusual insight into current practical problems with ERISA, with a particular focus on the issues and challenges faced by smaller employers.
Thanks to your efforts, the pension reform provisions included in the Economic Growth and Tax Relief Reconciliation Act of 2001 will make a major contribution toward expanding small business retirement plan coverage. However, as retirement plan professionals who work primarily with small businesses, the members of ASPPA acutely understand the continuing need to search for new ways to make it possible for small employers to afford adequate pension coverage for their workers. We believe that H.R. 2807 will provide another important tool to help small businesses provide retirement coverage to rank-and-file workers.
Professional employer organizations (PEOs) represent an innovative way to deliver retirement benefits to many small business employees without any retirement plan coverage. However, there are a number of current legal uncertainties that prevent small businesses from taking advantage of the retirement benefits provided through PEO’s. H.R. 2807 clarifies these uncertainties in a way that fully protects the interests of rank-and-file small business employees. In doing so, H.R. 2807 will not only expand small business retirement coverage, it will encourage quality small business retirement plan coverage.
We look forward to working with you and other supporters of the legislation to enact this bill as soon as possible. Thank you for this, and for all of your outstanding efforts to improve the retirement security of small business employees.
Sincerely,
Brian H. Graff
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