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News & Policy

Patricia Kelly Named Chief Financial Officer at the PBGC

November 28, 2007

WASHINGTON - Pension Benefit Guaranty Corporation Interim Director Charles E. F. Millard today announced the appointment of Patricia Kelly as Chief Financial Officer.

Kelly comes to the PBGC after serving as CFO of the Natural Resources Conservation Service of the U.S. Department of Agriculture. Prior to that, Kelly was CFO and budget officer for the Federal Crop Insurance Corporation.

During her federal career, she also worked at the Bureau of the Census where she was the assistant division chief in the decennial census, the largest peacetime operation of the United States government.

"Patricia Kelly's demonstrated acumen will be a great asset to the PBGC," said PBGC Interim Director Charles E.F. Millard. "I look forward to working closely with her to ensure the PBGC can continue to meet its obligations to the nation's pensioners."

Kelly earned an MBA from AmericanUniversity, and an MA and BA from Pennsylvania State University. She also holds a CPA license and a Certified Government Financial Manager (CGFM) certification.

The PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by 44 million American workers and retirees participating in more than 30,000 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 investment returns.

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PBGC No. 08-10