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HEARINGS HELD IN WASHINGTON, D.C.: MARCH 19, 20, 21,
27, 28; APRIL 10; MAY 8, 1968

95-161

Printed for the use of the Committee on Education and Labor
CARL D. PERKINS, Chairman

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1968

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COMMITTEE ON EDUCATION AND LABOR
CARL D. PERKINS, Kentucky, Chairman

EDITH GREEN, Oregon
FRANK THOMPSON, JR., New Jersey
ELMER J. HOLLAND, Pennsylvania
JOHN H. DENT, Pennsylvania
ROMAN C. PUCINSKI, Illinois
DOMINICK V. DANIELS, New Jersey
JOHN BRADEMAS, Indiana
JAMES G. O'HARA, Michigan
HUGH L. CAREY, New York
AUGUSTUS F. HAWKINS, California
SAM GIBBONS, Florida
WILLIAM D. FORD, Michigan
WILLIAM D. HATHAWAY, Maine
PATSY T. MINK, Hawaii
JAMES H. SCHEUER, New York
LLOYD MEEDS, Washington
PHILLIP BURTON, California
CARL ALBERT, Oklahoma

WILLIAM H. AYRES, Ohio
ALBERT H. QUIE, Minnesota
CHARLES E. GOODELL, New York
JOHN M. ASHBROOK, Ohio
ALPHONZO BELL, California
OGDEN R. REID, New York
EDWARD J. GURNEY, Florida
JOHN N. ERLENBORN, Illinois
WILLIAM J. SCHERLE, Iowa
JOHN DELLENBACK, Oregon
MARVIN L. ESCH, Michigan
EDWIN D. ESHLEMAN, Pennsylvania
JAMES C. GARDNER, North Carolina
WILLIAM A. STEIGER, Wisconsin

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KF27
E343
1968

CONTENTS

Abel, I. W., president, United Steel Workers of America, AFL-CIO,

accompanied by Jack Sheehan, legislative director, USWA; Mur-

ray W. Latimer, pension and insurance consultant, USWA; and

Elliot Bredhoff, special counsel, USWA..

Biemiller, Andrew J., director, Department of Legislation, AFL-CIO,
accompanied by Bert Seidman, director, Department of Social
Security, and Kenneth A. Meiklejohn, legislative representative_
Baron, Robert W., Pension and Legislative Committee, United Steel-
workers Local 2227, West Mifflin, Pa..

Bronston, Cecil P., vice president, Continental Illinois National Bank
and Trust Co., and president, Trust Division, ABA.......
Donahue, Hon. Thomas R., Assistant Secretary of Labor for Labor-
Management Relations, accompanied by Frank M. Kleiler, and
Michael S. Gordon_.

Javits, Hon. Jacob K., a U.S. Senator from the State of New York..
Lane, Robert S., counsel, Mobil Oil Corp., accompanied by Jean M.
Lindberg, senior vice president, Pension Trust Division, Chase Man-
hattan Bank; and Andrew A. Melgard, senior associate, Chamber of
Commerce of the United States__

182

197

217

_51, 154

16

156

Mercer, William, vice president, A.T. & T.

203

Savoie, Leonard, executive vice president, American Institute of
C.P.A.'s., accompanied by Lyman L. Bryan, director, Washington
division___

193

Statements, letters, supplemental material, etc.:

American Life Convention, Life Insurance Association of America,

and Health Insurance Association of America, joint statement by

Biemiller, Andrew J., director, Department of Legislation, AFL-CIO:
Policy resolution on proposals for Federal legislation to regulate
health, welfare, pension, and profit-sharing plans, adopted Decem-
ber 1967...

Commerce and Industry Association of New York, Inc., statement of,
submitted by Mahlon Z. Eubank, director, social insurance de-
partment

182

327

Fino, Hon. Paul L., a Representative in Congress from the State of
New York, prepared statement of.

219

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