By Pension and Benefits Editorial Staff
The Pension Benefit Guaranty Corporation (PBGC) has announced the appointment of David Foley as the Chief of Benefits Administration. He will lead one of the Agency’s largest departments, which encompasses a variety of federal employees and contractors. Prior to this appointment, Foley served as Deputy Chief of Benefits Administration, where he managed two divisions. In fiscal year 2017, the Office of Benefits Administration started paying benefits to nearly 14,000 retirees in single-employer plans. In the same year, the office paid $5.7 billion to a total of about 840,000 retirees from 4,845 failed single-employer plans. Foley replaces Cathy Kronopolus, who left the Agency at the end of August.
Source: PBGC News Release, No. 18-04.
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