NEWS RELEASE

July 11, 2014
NR 2014-13

For additional information:
Jason Hammersla
office 202-289-6700 / cell 202-422-4652

Statement on leadership changes at PBGC:

Council commends Gotbaum for outreach to plan sponsors

WASHINGTON, DC — WASHINGTON, D.C. -"We wish Josh Gotbaum well as he completes his service as PBGC [Pension Benefit Guaranty Corporation] director," Council President James A. Klein said today.

"We really appreciate that Josh was not only accessible when we needed to discuss matters with him, but throughout his tenure he regularly reached out to the Council to get the business community's input," Klein noted. "While we mostly disagreed on substance, Josh understood that employers are the agency's customers and he communicated that message to us and to his staff," Klein said.

"These are challenging times for defined benefit pension plans and being PBGC director is a tough job. We commend Josh for his tireless efforts," Klein concluded.

For more information on the Council and its members' interactions with the PBGC, or to arrange an interview with Council staff, please contact Jason Hammersla, Council director of communications, at jhammersla@abcstaff.org or by phone at 202-289-6700 (office) or (202) 422-4652 (cell).

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The American Benefits Council is the national trade association for companies concerned about federal legislation and regulations affecting all aspects of the employee benefits system. The Council's members represent the entire spectrum of the private employee benefits community and either sponsor directly or administer retirement and health plans covering more than 100 million Americans.