Delegates Selected for Retirement Savings Summit

Washington, DC, April 6, 1998 - Institute President Matthew P. Fink has been named a statutory delegate to the National Retirement Savings Summit scheduled for June 4-5 in Washington, DC. Approximately three dozen appointed delegates represent Institute member firms. Other delegates have been drawn from Congress, federal agencies, consumer groups, senior citizens' organizations, labor unions, other trade associations, small businesses, financial service organizations, research institutes, and academia. The summit, the first in a series of three to be held through 2005, is mandated by the SAVER Act passed last fall.

The purpose of the Summit is to increase public awareness of the importance of retirement planning and to identify ways to promote greater retirement savings by all Americans. As provided in the SAVER Act, the Summit is a public/private partnership planned by the U.S. Department of Labor and the American Savings Education Council (ASEC) in consultation with the Administration and Congress. The event will be co-hosted by the President, bipartisan congressional leaders, and appropriate federal agency representatives.