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News & Policy

President Selects Two for PBGC Advisory Committee

February 07, 2000

President Clinton has named Beverly Fisher White of Tallahassee, Fla., and Phyllis C. Borzi of University Park, Md., to the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC). Ms. White, a member of the panel since 1996, is being reappointed and will continue to represent the interests of the general public. Ms. Borzi will represent the interests of employee organizations. Their terms on the panel will expire on February 19, 2002

Ms. White has spent much of her career in Florida state government, most recently as International Trade and Development Coordinator in the Governor's office. Before that she was Grants and Special Projects Coordinator in the Florida Department of Commerce. From 1981 to 1994, Ms. White was President of her own consulting firm specializing in government relations. Earlier she was Chief of the Bureau of Rehabilitation, Division of Workers' Compensation, in the Florida Department of Labor and Employment Security. She also worked in the Florida Department of Community Affairs and in the office of the Florida Secretary of State.

Ms. White holds both a B.A. and an M.S. from Florida State University. Among her numerous past public and charitable activities, she served as a presidentially appointed member of the National Museum Services Board and as Chairman of the Commission on Presidential Scholars.

Ms. Borzi is of counsel with O'Donoghue & O'Donoghue, Washington, D.C., and Research Professor at the Center for Health Services Research, George Washington University School of Public Health and Health Services. From 1979 to 1995 she was Pension and Employee Benefit Counsel for the U.S. House of Representatives, Subcommittee of Labor-Management Relations of the Committee on Education and Labor (now the Committee on Education and the Workforce). Ms. Borzi also has served as consultant to the World Bank on pension reform in the Republic of Bulgaria, and authored and co-authored numerous articles, research papers and publications. Currently she is a member of the board of the Women's Institute for a Secure Retirement (WISER).

Ms. Borzi holds a B.A. from Ladycliff College, Highland Falls, N.Y., an M.A. from Syracuse University and a J.D. from the Catholic University of America, Washington, D.C.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974 (ERISA) to guarantee payment of basic pension benefits earned by about 42 million American workers and retirees participating in more than 44,000 private-sector defined benefit pension plans. The agency receives no funds from general tax revenues. Operations are financed largely by insurance premiums paid by companies that sponsor pension plans and investment returns.

ERISA outlines several specific responsibilities for PBGC's Advisory Committee, including advising on policies and procedures of PBGC's investments and trusteeship of terminated plans and on other matters as determined by PBGC.

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PBGC No. 00-14