Pension Benefit Guaranty Corporation

PENSION BENEFIT GUARANTY CORPORATION

1200 K Street NW., Washington, DC 20005

Phone, 202-326-4000

Board of Directors:

Chairman (Secretary of Labor) Alexis M. Herman

Members:

(Secretary of the Treasury) Robert E. Rubin

(Secretary of Commerce) William M. Daley

Officials:

Executive Director John Seal, Acting

Deputy Executive Director and Chief Negotiator Nell Hennessy

Deputy Executive Director and Chief Operating Joseph H. Grant

Officer

Deputy Executive Director and Chief Financial N. Anthony Calhoun

Officer

Deputy Executive Director and Chief Management Kathleen Blunt, Acting

Officer

Assistant Executive Director for Legislative and Judy Schub

Congressional Affairs

Director, Budget Department Henry R. Thompson

Director, Communications and Public Judith Welles

Affairs Department

Director, Contracts and Controls Dale Williams

Review Department

Director, Corporate Finance and Andrea E. Schneider

Negotiations Department

Director, Corporate Policy and Stuart A. Sirkin

Research Department

Director, Facilities and Services Janet A. Smith

Department

Director, Financial Operations Edward Knapp

Department

General Counsel James J. Keightley

Director, Human Resources Department Sharon Barbee-Fletcher

Director, Information Resources Cris Birch

Management Department

Inspector General Wayne Robert Poll

Director, Insurance Operations Bennie L. Hagans

Department

Director, Participant and Employer Harriet D. Verburg

Appeals Department

Director, Procurement Department Robert W. Herting

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The Pension Benefit Guaranty Corporation guarantees payment of nonforfeitable pension benefits in covered private-sector defined benefit pension plans.

The Pension Benefit Guaranty Corporation 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), is governed by a Board of Directors consisting 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 various matters.

Activities

Coverage The Corporation insures most private-sector defined benefit pension plans that provide a pension benefit based on factors such as age, years of...