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Budget Director Receives Distinguished Career Service Award from Pension Agency

April 15, 2004

The Pension Benefit Guaranty Corporation (PBGC) presented Henry Thompson, Budget Director, with its highest award, the Distinguished Career Service Award, during ceremonies today in Washington, D.C.

"Henry's commitment to PBGC's mission and employees reflects his life-long dedication to public service," said Acting Executive Director Vincent K. Snowbarger. "His expertise and vision have enabled PBGC to allocate resources in the most efficient and effective manner possible."

The award recognizes Mr. Thompson's cumulative achievements and distinguished service throughout his 28-year federal career, including 24 years at PBGC.

Since becoming Director of the Budget Department in 1994, Mr. Thompson has implemented a new agency-wide budget methodology, improved the department's customer service, co-chaired the PBGC Budget and Planning Integration Team, and assisted the Department of Labor and Office of Management and Budget on budget and accounting procedures.

Before coming to PBGC, Mr. Thompson worked at the Legal Services Corporation, a quasi-government agency, where he held several positions in the financial area, including Budget Manager, and was a Senior Auditor at PriceWaterhouseCoopers.

Mr. Thompson graduated from the Virginia State University in 1973 with a B.S. in accounting and in 1988 completed the Senior Executive Fellows Program at Harvard University's John F. Kennedy School of Government.

Born in the Northern Neck area of Virginia, Mr. Thompson is the son of the late Alonzo and Olivia Thompson. He resides in Washington, D.C., with his wife, Zell, and their 10-year old son, Jared. His daughter Rashiya lives in Hartford, Conn., and his son Van lives in Columbia, Md.

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 more than 31,000 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.

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PBGC No. 04-40