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Release: Immediate

UI business dean and economics professor are named delegates to national pension summit

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.