Promoting Electrotechnology Careers and Public Policy

18 July 2000

Representative J. Dennis Hastert
US House of Representatives
2263 Rayburn HOB
Washington, DC 20515-1314

Re: The Comprehensive Retirement Security and Pension Reform Act (H.R. 1102)

Dear Representative Hastert:

Everybody agrees that more Americans need to save more for retirement - at home and where they work - and that these savings should be transferable from one plan to another or to an Individual Retirement Account when workers change jobs.

On behalf of the Institute of Electrical and Electronics Engineers - United States of America (IEEE-USA), I urge you and other Members of Congress to put aside partisan political differences and work together to pass long-overdue legislation that will significantly improve America’s voluntary private pension system and promote increased savings for retirement and productive investment in the national economy.

The Comprehensive Retirement Security and Pension Reform Act (H.R. 1102) will enhance retirement security by increasing allowable contributions to employer-sponsored pensions and Individual Retirement Accounts; reduce pension vesting requirements; make retirement savings portable when workers change jobs; allow older workers to make catch-up contributions to retirement savings plans; and make it less expensive for businesses to set up and administer pension plans and other retirement savings arrangements for their employees.

This legislation is comprehensive in scope, affordable in terms of its revenue impact and enjoys broad bipartisan support in the House of Representatives.

I look forward to your active support for immediate approval of this critically important retirement savings improvement proposal.

IEEE is the world’s largest technical professional association with approximately 352,000 members worldwide. IEEE-USA promotes the careers and public policy interests of the nearly 230,000 electrical, electronics and computer engineers who are U.S. members of the IEEE.

If you have any questions, please contact Vin O’Neill at (202) 785-0017 x 8327.

Sincerely,

Merrill W. Buckley, Jr.
President IEEE-USA

(Same Letter Sent to U.S. Representatives)

The Institute of Electrical and Electronics Engineers - United States of America
1828 L Street, N.W., Suite 1202, Washington, DC 20036-5104
Office: (202) 785-0017 * Fax: (202) 785-0835 * E-mail: ieeeusa@ieee.org

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Last Update 18 July 2000
Staff Contact:  Vin O'Neill, v.oneill@ieee.org