PBGC Participant and Plan Sponsor Advocate Biography
Constance A. Donovan
PBGC Participant and Plan Sponsor Advocate
Ms. Donovan is the Participant and Plan Sponsor Advocate at the Pension Benefit Guaranty Corporation (PBGC). She was selected by the PBGC Board of Directors to serve in the newly created position under the Employee Retirement Income Security Act (ERISA), and in that role, Ms. Donovan acts as liaison between PBGC and participants and plan sponsors of defined benefit plans. The Advocate helps participants with the full attainment of their rights in plans trusteed by the corporation and assists plan sponsors in resolving disputes with the corporation. The Advocate may also propose changes to PBGC administrative practice to mitigate problems as well as suggest legislative changes to address systemic problems.
Ms. Donovan’s prior government service includes the U.S. Department of Treasury where Ms. Donovan was Pension Counsel to the Office of D.C. Pensions and the U.S. Department of Labor where she assisted the Secretary of Labor with the Department’s oversight of the PBGC. Ms. Donovan was also the Chief Executive Officer of the $6.5B New Hampshire Retirement System, the former General Counsel and Executive Director of the District of Columbia Retirement Board and General Counsel of the Montgomery County Maryland Board of Investment Trustees.
Ms. Donovan spent most of her career in business with NCR Corporation where she worked as vice president and held a variety of increasingly responsible positions in the areas of employee benefits, mergers and acquisitions, and employment. In addition, Ms. Donovan served as a member of the National Association of Public Pension Attorneys Executive Board and Investment Committee Co-Chair. Bar memberships include Maryland, Massachusetts, New Hampshire (retired), and the District of Columbia. Ms. Donovan began her career with the United States Office of Personnel Management in Boston, MA.
Ms. Donovan graduated with a bachelor’s degree from Boston College (magna cum laude), received her J.D. from the American University, Washington College of Law, and her LL.M. in Taxation from the Georgetown University Law Center, where she studied and published under the late U. S. Congressmen John Erlenborn.