Solicitation of Nominations for the Pension Benefit Guaranty Corporation Participant and Plan Sponsor Advocate, 60935-60936 [2024-16545]

Agencies

• Pension Benefit Guaranty Corporation

[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60935-60936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16545]


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PENSION BENEFIT GUARANTY CORPORATION


Solicitation of Nominations for the Pension Benefit Guaranty 
Corporation Participant and Plan Sponsor Advocate

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) Advisory 
Committee is soliciting nominations for the PBGC Participant and Plan 
Sponsor Advocate position.

DATES: Nominations must be received on or before August 28, 2024.

ADDRESSES: Nominations must be submitted electronically to 
[email protected] as email attachments in Word or pdf format.

SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation 
(PBGC or the Corporation) administers the pension plan termination 
insurance program under title IV of the Employee Retirement Income 
Security Act of 1974 (ERISA). Section 4004 of ERISA provides for the 
Participant and Plan Sponsor Advocate (the Advocate) position. In 
general, the Advocate and staff in the Office of the Advocate help 
participants and plan sponsors resolve disputes with the PBGC. The 
Office of the Advocate works directly with participants in defined 
benefit plans to ensure that they receive benefits that they are 
entitled to from PBGC. The Office of the Advocate also assists plan 
sponsors in resolving disputes and other issues with PBGC. The Advocate 
works independently of the PBGC Departments and reports directly to the 
PBGC Board of Directors. They report to Congress annually on the 
activities of the Office of the Participant and Plan Sponsor Advocate; 
and provide oversight and supervision of the Office of the Advocate 
staff.
    The Participant and Plan Sponsor Advocate's prescribed duties under 
section 4004 of ERISA include:
    (1) act as a liaison between the Corporation, sponsors of defined 
benefit pension plans insured by the Corporation, and participants in 
pension plans trusteed by the Corporation;
    (2) advocate for the full attainment of the rights of participants 
in plans trusteed by the Corporation;
    (3) assist pension plan sponsors and participants in resolving 
disputes with the Corporation;
    (4) identify areas in which participants and plan sponsors have 
persistent problems in dealings with the Corporation;
    (5) to the extent possible, propose changes in the administrative 
practices of the corporation to mitigate problems;
    (6) identify potential legislative changes which may be appropriate 
to mitigate problems; and
    (7) refer instances of fraud, waste, and abuse, and violations of 
law to the Office of the Inspector General of the Corporation.
    Due to an impending vacancy, the Advisory Committee is seeking 
nominations for the Participant and Plan Sponsor Advocate position. 
Section 4004(a) of ERISA requires the PBGC Board of Directors to select 
a Participant and Plan Sponsor Advocate from the candidates nominated 
by the Advisory Committee.
    If you or your organization would like to nominate one or more 
people for the Participant and Plan Sponsor Advocate position, you may 
submit nominations to PBGC. Nominations may be in the form of a letter, 
resolution, or petition, signed by the person making the nomination, 
and must include the resume of the individual being nominated. Resumes 
should include positions held, experience and salary history of the 
nominee. Additional supporting letters of nomination are encouraged. 
Please do not include any information that should not be publicly 
disclosed. This is a supervisory position. The salary range for this 
position is $191,900 to $221,900, and includes a comprehensive benefits 
package. This position is located in Washington, DC.
    Nominations, including supporting letters, should:
     state the person's qualifications to serve as the 
Participant and Plan Sponsor Advocate, to include positions held, and 
experience relevant to the Advocate position;
     include the nominee's full name, work affiliation, mailing 
address, phone number, and email address;

[[Page 60936]]

     include the nominator's full name, work affiliation, 
mailing address, phone number, and email address; and
     include the nominator's signature.
    PBGC does not discriminate in employment on the basis of race, 
color, religion, sex (including pregnancy and gender identity), 
national origin, political affiliation, sexual orientation, marital 
status, disability, genetic information, age, membership in an employee 
organization, retaliation, parental status, military service or other 
non-merit factor.

    Issued in Washington, DC.
Karen L. Morris,
General Counsel, Pension Benefit Guaranty Corporation.
[FR Doc. 2024-16545 Filed 7-26-24; 8:45 am]
BILLING CODE 7709-02-P