Notice2024-16545
Solicitation of Nominations for the Pension Benefit Guaranty Corporation Participant and Plan Sponsor Advocate
Primary source
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Published
July 29, 2024
Issuing agencies
Pension Benefit Guaranty Corporation
Abstract
The Pension Benefit Guaranty Corporation (PBGC) Advisory Committee is soliciting nominations for the PBGC Participant and Plan Sponsor Advocate position.
Full Text
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<title>Federal Register, Volume 89 Issue 145 (Monday, July 29, 2024)</title>
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[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60935-60936]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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
<a href="/cdn-cgi/l/email-protection#e2b2a0a5a1b0878190978b968f878c96a292808581cc858d94"><span class="__cf_email__" data-cfemail="ebbba9aca8b98e88999e829f868e859fab9b898c88c58c849d">[email protected]</span></a> 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:
<bullet> 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;
<bullet> include the nominee's full name, work affiliation, mailing
address, phone number, and email address;
[[Page 60936]]
<bullet> include the nominator's full name, work affiliation,
mailing address, phone number, and email address; and
<bullet> 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
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