NEWS ADVISORY

November 7, 2006
PR-06/30
For additional information:
Deanna Johnson, APR, or Jason Hammersla
202-289-6700
Hammersla (cell): 202-422-4652


Congressional election outcomes could have major effect on employee benefits

Council staff available to speak on impact of Tuesday's election results on health care and retirement policy

WHO: James Klein, president, American Benefits Council
WHAT:

American Benefits Council staff are available to offer on-the-record comment concerning the long-term impact of this week's election results on future employee benefits policy initiatives, as well as the outlook for employee benefits issues in the lame-duck session of Congress. Control of Congress and selection of key committee chairmen will be important in shaping ongoing and emerging issues such as consumer-directed health initiatives, the Medicare prescription drug benefit, health quality and transparency efforts, 401(k) plan issues, executive compensation and reform of entitlement programs.

"All Americans, young and old, have a vested interest in the outcome of today's elections," Council President James Klein said today. "Employer-sponsored health and retirement benefits are at the forefront of not only our nation's economy, but our daily lives as well. It is very likely that the benefits agenda will undergo rather significant changes in direction in the next two years."

The Council is a non-partisan entity and does not make political endorsements.

WHERE: Interviews are available via telephone, e-mail, or in person at the Council offices.
WHEN: At any time following receipt of this advisory. Regular Council office hours are 8:00 a.m. to 6:00 p.m. ET, Monday through Friday.
CONTACT: To arrange an interview with Klein, please contact Deanna Johnson, Council director, communications, or Jason Hammersla, Council manager, communications & publications, by phone at 202-289-6700. Hammersla can be reached after hours by cell phone at (202) 422-4652.

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The American Benefits Council is the national trade association for companies concerned about federal legislation and regulations affecting all aspects of the employee benefits system. The Council's members represent the entire spectrum of the private employee benefits community and either sponsor directly or administer retirement and health plans covering more than 100 million Americans.