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News & Policy

Pension Agency Honors Six Individuals and Six Groups of Employees

March 13, 2003

The Pension Benefit Guaranty Corporation (PBGC) today honored six individuals and six groups of employees during ceremonies yesterday in Washington, D.C.

"This agency is the guarantor of pension security in our country. On us rest the retirement hopes and dreams of millions of Americans," said PBGC Executive Director Steven A. Kandarian. "All PBGC employees have contributed to making PBGC a better, more responsive and more productive agency."

The Distinguished Career Service Award, PBGC's highest award, was presented to Sharon Barbee Fletcher. This award recognizes Ms. Barbee Fletcher's cumulative achievements and distinguished service throughout her almost 37-year federal career, including seven years at PBGC.

Since joining PBGC in 1995 as director of human resources, Ms. Barbee Fletcher has refocused the human resources department on customer service, lead her staff in using new automation tools and established the agency's very successful mentoring programs. She is considered a valued advisor, mentor and sounding board for senior managers and other PBGC employees.

Other employees received awards for their achievements in customer or meritorious services, equal employment opportunity and community voluntarism. Groups of employees received awards for successful teamwork in knowledge management, premium compliance, workforce planning, budgeting, improving invoice processing, and processing PBGC's largest terminated pension plan.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974 to guarantee payment of basic pension benefits earned by 44 million American workers and retirees participating in about 32,500 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.

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PBGC No. 03-26