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News & Policy

Native Washingtonian Honored by Pension Agency

April 15, 2004

The Pension Benefit Guaranty Corporation (PBGC) today presented Casandra Smith, a Public Information Technician in the Communications and Public Affairs Department (CPAD), with its prestigious Elvira Knepp Merit Award during ceremonies in Washington, D.C.

"Ms. Smith is an enthusiastic and high-performing employee and a critical member of PBGC's communications team," said Acting Executive Director Vincent K. Snowbarger. "Her efforts help PBGC to do an outstanding job communicating with its key constituencies."

The award, which recognizes contributions by support staff in accomplishment of the Corporation's mission, acknowledges Ms. Smith's long-time and progressively responsible performance in CPAD. Ms. Smith's mastery of a number of critical functions within the department is evidenced by her recent promotion to her current position.

Ms. Smith started at PBGC in 1985 as Stay-in-School employee in CPAD. After graduating from McKinley Technical High School in 1986, she started working full-time at PBGC.

A native Washingtonian, Ms. Smith is the daughter of Effie and the late Joseph Smith. Her son, Dion, attends North Carolina A&T University.

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. 04-41