W. Thomas Reeder, Jr., is the new Pension Benefit Guaranty Corporation (PBGC) Director. The Senate in a voice vote confirmed Reeder Oct. 8 to serve in that capacity. President Obama had sent his nomination of Reeder to the Senate on May 21.
Reeder told the Senate Finance Committee in July that he supports exploring giving the PBGC the authority to set premiums for plan sponsors. He also told the committee that he supports the Multiemployer Pension Reform Act of 2014, BenefitsPro reports.
Reeder will be coming from the Internal Revenue Service, where he has been health care counsel since 2013. At the PBGC, he replaces Josh Gotbaum, who resigned last year.
Reeder told the Senate Finance Committee in July that he supports exploring giving the PBGC the authority to set premiums for plan sponsors. He also told the committee that he supports the Multiemployer Pension Reform Act of 2014, BenefitsPro reports.
Reeder will be coming from the Internal Revenue Service, where he has been health care counsel since 2013. At the PBGC, he replaces Josh Gotbaum, who resigned last year.
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