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                     Office of the Press Secretary
                          (State College, PA)
For Immediate Release                                      July 10, 2000


                      PENSION AND WELFARE BENEFITS
                       AT THE DEPARTMENT OF LABOR

     The President today announced his intent to nominate Leslie Beth

Kramerich to serve as Assistant Secretary for Pension and Welfare Benefits at the Department of Labor.

Ms. Leslie Beth Kramerich, of Arlington, Virginia, currently serves as both Acting Assistant Secretary of the Pension and Welfare Benefits Administration and Deputy Assistant Secretary for Policy in the Pension Welfare Benefits Administration at the Department of Labor, a position she has held since November, 1998. She directs a staff of more than 700 in carrying out the Agency's responsibilities under the Employee Retirement Income Security Act (ERISA). From 1993 to 1998, Ms. Kramerich served as Attorney-Advisor to the Chief Negotiator at the Pension Benefit Guaranty Corporation (PBGC). Prior to the PBGC, she was in private practice with Verner, Liipfert, Bernhard, McPherson & Hand. In addition, Ms. Kramerich served as Minority Counsel to the U.S. House Committee on Appropriations from 1987 to 1989.

A native of Cleveland, Ms. Kramerich received a B.S. degree from Case Western Reserve University and a J.D. degree from Ohio State University College of Law.

The Assistant Secretary for Pension and Welfare Benefits at the Department of Labor is responsible for protecting the economic future and retirement security of working Americans by enforcing and administering federal laws concerning a private retirement and welfare benefit system of 700,000 pension plans and 6 million health and welfare plans providing benefits to over 150 million workers and their families. The Assistant Secretary executes laws regarding financial reporting and disclosure as well as monitoring their financial management and investment. In addition to overseeing the 15 field offices of the Pension and Welfare Benefits Administration, the Assistant Secretary serves as a public advocate providing outreach, assistance and education to employers and employees with respect to their responsibilities and their rights, initiating research, formulating long and short term policy, issuing regulations, and providing technical support.