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Monday, January 24, 2005

ICI Hires Retirement Lobbyist

by: Sean Hanna, Editor in Chief

The mutual fund industry's trade group has tapped Leslie Beth Kramerich to act as its retirement security and tax officer. Kramerich will focus on developing legislative strategies on tax and retirement issues for the Investment Company Institute.

Kramerich has deep Washington ties. She was assistant secretary at the U.S. Labor Department's Pension and Welfare Benefits Administration (now the Employee Benefits Security Administration) during the final year of the Clinton administration and has been employed at Mercer Human Resource Consulting's Washington office for the past two years.

Her hiring comes after the fund industry has been under attack on Capital Hill for nearly two years. Congress is also considering changing to the tax code, including the creation of Lifetime Savings Accounts (LSAs), and Social Security reform, that could dramatically effect the fund and retirement industries. 

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