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Robert Emmons Appointed Inspector General for Federal Pension Insurer

January 16, 2003

The Pension Benefit Guaranty Corporation (PBGC) today announced the appointment of Robert (Bob) Emmons as inspector general.

"Bob has a vast knowledge of auditing business operations and performance," said PBGC Executive Director Steven A. Kandarian. "He brings considerable experience to the position and will have an opportunity to review and audit all core business processes at PBGC."

Mr. Emmons comes to PBGC from the U.S. Postal Service Office of Inspector General, where he was acting assistant inspector general for audits, responsible for planning and supervising financial, performance and contract audits. From 2001 to January 2002, he served as assistant inspector general for eBusiness.

From 1999 to 2001, Mr. Emmons served as deputy assistant inspector general, with increasing responsibility in several areas including business operations and performance. From 1979 to 1999, he held a variety of senior management positions with the U.S. Army Audit Agency. In 1997 he retired as a lieutenant colonel in the Army Reserve with 24 years of service.

Mr. Emmons has a bachelor of science degree in accounting from Trinity University, San Antonio, Texas, and a masters degree in military science from the U.S. Army Command and General Staff College. He is also a certified public accountant and certified information systems auditor.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits for about 44 million American workers and retirees participating in over 35,000 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 by PBGC's investment returns.

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PBGC No. 03-14