March 14, 2014 (New York)— Proskauer’s Employee Benefits, Executive Compensation & ERISA Litigation Practice Center Partner Neal S. Schelberg has been appointed Chair of the U.S. Department of Labor’s 2014 Advisory Council on Employee Welfare and Pension Benefit Plans (the ERISA Advisory Council) by Secretary of Labor Thomas E. Perez.
“It is a tremendous honor to have been appointed Chair of the ERISA Advisory Council by Secretary Perez,” said Mr. Schelberg. “Together, with the other members of the Council, we look forward to advising and submitting recommendations to the Secretary on the important employee benefit issues impacting the retirement security and health benefits of American workers.”
Mr. Schelberg, who will represent employers, was appointed to the ERISA Advisory Council in 2012 and previously served as Vice Chair in 2013.
The 15-member council provides advice on policies and regulations affecting employee benefit plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). Members of the council serve for staggered three-year terms. Employee organizations, employers and the general public are represented by three members for each category. Additionally, there is one representative each from the fields of insurance, corporate trust, actuarial counseling, investment counseling, investment management and accounting.
Mr. Schelberg serves as legal counsel to the boards of trustees for more than 50 multi-employer and single employer pension and welfare benefits plans. He has over 30 years of experience in the area of employee benefits, including co-authoring the “ERISA Fiduciary Answer Book” and numerous other publications, teaching courses at Fordham University Law School and New York University, and lecturing widely for many organizations. He has been recognized in US Legal 500 as a leading employee benefits practitioner in Proskauer’s Tier 1-rated employee benefits practice, where he was lauded by clients as being “‘one of a kind,’ he is the only practitioner in the field I would select to brief a CEO or corporate board.”
Proskauer’s Employee Benefits, Executive Compensation & ERISA Litigation Practice Center integrates the extensive resources of the firm’s employee benefits, ERISA, executive compensation, public and private investment funds, tax and ERISA litigation lawyers to help companies manage their benefit plans and investments in a prudent manner and avoid costly, lengthy litigations, government agency audits and investigations. The Practice Center has been involved in some of the most publicized executive compensation arrangements and offers broad experience in advising a full spectrum of entities on employee benefits issues – from Fortune 100 companies and traditional Wall Street entities, to single and multi-employer and collectively bargained pension and welfare plans.
Founded in 1875, Proskauer is a global law firm serving clients’ critical legal needs from offices in Beijing, Boca Raton, Boston, Chicago, Hong Kong, London, Los Angeles, New Orleans, New York, Newark, Paris, São Paulo and Washington, DC. Additional information about the firm can be found at www.proskauer.com.