The Labor Departments pension office plans to ask for public comment on how well employers inform workers about changes in their benefit plans, including pension, retirement and health care, said Leslie Kramerich, acting assistant Labor secretary. The Labor Departments request will gauge how much information employers currently give their employees and whether that information is adequate, she said.
The call follows complaints by hundreds of workers at companies that have undergone cash balance conversions about the lack of information they received about the changes. We will try to list the kinds of things that need more attention and would hope that employees and retirees would give input, Ms. Kramerich said. The request for information will be published in the Federal Register within two weeks, and the comment period will last several months.