Promoting Electrotechnology Careers and Public Policy

January 29, 1999

William J. Clinton
President of the United States
The White House
1600 Pennsylvania Avenue, N.W.
Washington, D.C. 20500

Dear President Clinton:

I was very disappointed to learn earlier today that the Administration does not plan to make reference to the importance of improving pension portability in the FY 2000 Budget document to be released on Monday.

Given your Administration’s prior support for needed improvements in pension portability, including its endorsement of the Retirement Account Portability Act in the 105^th Congress, the IEEE-USA urges the White House and the Departments of the Treasury and Labor to reaffirm that support in remarks accompanying the release of the budget.

IEEE-USA’s 234,000 members and the millions of engineers and scientists who are concerned about their retirement security would be very disappointed to discover that the Administration no longer explicitly supports needed improvements in the portability of pension benefits.

Very sincerely,

Paul J. Kostek
President, IEEE-USA

cc:  Gene B. Sperling
Assistant to the President for Economic Policy

Alexis M. Herman,
Secretary of Labor

Leslie Kramerich, Asst Secretary (Acting)
Pension and Welfare Benefits Administration
U.S. Department of Labor

Robert E. Rubin
Secretary of the Treasury

J. Mark Iwry,
Benefits Tax Counse, Office of the Deputy Secretary
U.S. Department of Treasury

The Institute of Electrical and Electronics Engineers - United States of America
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Office: (202) 785-0017 * Fax: (202) 785-0835 * E-mail: ieeeusa@ieee.org

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Last Update: Feb. 1, 1999

Staff Info Contact: Vin O'Neill, v.oneill@ieee.org