CONTACT: SCOTT HAUSER
100 Old Public Library
Iowa City IA 52242
(319) 384-0007; fax (319) 384-0024
UI business dean and economics professor are named delegates to national
IOWA CITY, Iowa -- Gary Fethke, dean of the University of Iowa College
of Business Administration, and Beth Ingram, associate professor of economics
at the UI, have been appointed delegates to a series of national summit
meetings to discuss ways to increase Americans' personal retirement savings.
Fethke, a professor of management sciences and economics, and Ingram,
director of the UI Economic Research Institute and chair of the Iowa Economic
Forecasting Council, are two of 200 delegates appointed to take part in
the 1998 National Summit on Retirement Income Savings.
Susan Phillips, former UI vice president for finance and university
services who is currently a member of the Board of Governors of the Federal
Reserve System, also was appointed a delegate.
The series of meetings was established as part of a bill introduced
by Iowa Republican Sen. Charles Grassley, chairman of the U.S. Senate Special
Committee on Aging. The bill, known as the Savings Are Vital to Everyone's
Retirement Act of 1997 (SAVER Act) was passed by Congress and signed into
law by President Clinton last fall.
The law is designed to increase awareness among Americans, especially
those in the "baby boom" generation, about the need to save for
retirement and to expand pension coverage for employees of small businesses.
Grassley recommended nine people, including four from the UI, as delegates
to the summit meetings and six were selected by Senate Majority Leader
Trent Lott, R-Miss., according to an announcement made March 3.