Pension Benefit Guaranty Corporation

Pages503-505

PENSION BENEFIT GUARANTY CORPORATION

1200 K Street NW., Washington, DC 20005

Phone, 202-326-4400 or 800-736-2444 (toll free). Internet, www.pbgc.gov.

Board of Directors:

Chairman (Secretary of Labor) Elaine L. Chao

Members:

(Secretary of the Treasury) Henry M. Paulson, Jr.

(Secretary of Commerce) Carlos M. Gutierrez

Officials:

Director Charles E.F. Millard

Deputy Director and Director, Office of Policy Vincent K. Snowbarger

and External Affairs

Chief of Staff George Koklanaris

Chief Information Officer Patsy A. Garnett

Chief Management Officer Stephen E. Barber

Director, Budget Henry R. Thompson

Director, Facilities and Services Patricia Davis

Director, Human Resources Arrie Etheridge

Director, Procurement Susan Taylor

Director, Strategic Planning and Wilmer Graham

Evaluation

Chief Operating Officer Richard Macy

Director, Benefits Administration Bennie L. Hagans

and Payment

Chief Insurance Program Officer Terrence M. Deneen

Chief Counsel Israel Goldowitz

Director, Insurance Supervision and Joseph House

Compliance

Chief Financial Officer Patricia Kelly

Director, Contracts and Controls Martin Boehm

Review

Director, Financial Operations Theodore J. Winter, Jr.

General Counsel Judith Starr

Director, Communications and Public Timothy M. Murtaugh

Affairs

Director, Legislative and Regulatory John Hanley

Director, Policy, Research and David Gustafson

Analysis

Inspector General Rebecca Anne Batts

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The Pension Benefit Guaranty Corporation protects the pension benefits of nearly 44 million Americans who participate in defined-benefit pension plans sponsored by private-sector employees.

The Pension Benefit Guaranty Corporation (PBGC) is a self-financing, wholly owned Government corporation subject to the Government Corporation Control Act (31 U.S.C. 9101-9109). The Corporation, established by Title IV of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1301-1461), operates in accordance with policies established by its Board of Directors, which consists of the Secretaries of Labor, Commerce, and the Treasury. The Secretary of Labor is Chairman of the Board. A seven-member Advisory Committee, composed of two labor, two business, and three public members appointed by the President, advises the agency on investment issues.

Activities

Coverage The Corporation insures most private-sector defined-benefit pension plans, which provide a pension benefit based on factors such...

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