Press Release  
FOR IMMEDIATE RELEASE March 6, 2006

CONTACT: Tracy Tucker
Phone: (859) 514-9210
Fax: (859) 514-9188
E-mail: info@nagdca.org


Members of the NAGDCA Executive Board Attend the 2006 Saver Summit in Washington D.C. as Appointed Delegates

(Lexington, KY) - The National Association of Government Defined Contribution Administrators, Inc. (NAGDCA) was honored to have four members of the Executive Board appointed as delegates for last week's 2006 Saver Summit ( "Saving for Your Golden Years: Trends, Challenges and Opportunities"), hosted by the U.S. Department of Labor.

Appointed Executive Board Members were as follows:
  • Della Williamson, President, NAGDCA
  • Ralph Marsh, Vice President, NAGDCA
  • Mindy Harris, Secretary/Treasurer, NAGDCA
  • Edward Lilly, Member-at-Large, NAGDCA
This year's summit explored the challenges that are faced by low-income workers, small business employees, new entrants to the workforce and workers nearing retirement as they save for a stable financial future. These topics were analyzed and evaluated in four concurrent discussion groups over a two day period, in which delegates offered their expertise regarding retirement savings.

In attendance were numerous state, local, and federal elected and appointed officials including Vice President Richard Cheney, the Honorable Elaine Chao (U.S. Secretary of Labor), and the Honorable Gordon Smith (Chairman, Senate Special Committee on Aging), just to name a few. As a result of the Saver Summit the Department of Labor will prepare a final report, which will be used to develop initiatives and recommendations to present to Congress to help all Americans understand the importance of saving for their retirement.

"It was an honor to be appointed to be a delegate along side such an esteemed group of colleagues to discuss and work through current challenges and issues of saving in today's workforce", Della Williamson, NAGDCA President, and, Program Administrator, Employees Retirement System of Texas, stated. "Forums, like the Saver Summit, are extremely important due to interactive dialogue and a diverse group of attendees ranging from state and local governments to corporate entities as well as representatives at the federal level", said Williamson.

NAGDCA is the country's leading organization of defined contribution retirement plan administrators and financial service providers. It represents nearly every state deferred compensation plan, as well as numerous other governmental and public sector defined contribution plans, and over 105 companies in the financial services industry. Its mission is to focus on retirement planning for public sector employees participating in 457, 403(b), 401(a) and 401(k) retirement plans; assets in these plans tripled during the 1990's.

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