IRS’s W. Thomas Reeder Nominated To Lead PBGC; Pick Widely Lauded
President Barack Obama nominated W. Thomas Reeder Jr. as director of the Pension Benefit Guaranty Corporation, and initial reaction the day after was positive from various realms of the employee benefits community.
PBGC may need a financial safety net of its own
Forty years after it was created, the future of the federal agency that guarantees employees’ and retirees’ pension benefits is in doubt.
Slow process seen in naming Gotbaum successor at PBGC
Joshua Gotbaum’s resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.