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News & Policy

DOL and PBGC Donate 45 Computers to Thomson Elementary School

March 18, 1997

In support of President Clinton's initiative to strengthen the District of Columbia, Acting Secretary of Labor Cynthia Metzler and the Pension Benefit Guaranty Corporation (PBGC) today donated 45 surplus computers to Thomson Elementary School in memory of Executive Director Martin Slate, who died suddenly last month.

Acting Secretary Metzler, Chairman of the PBGC Board of Directors, made the presentation to Thomson principal Robert Bracy III. The donation is the first in a series of initiatives planned by the Department of Labor in support of the Administration's program.

The donation and installation of the computers by DOL and PBGC will add three additional computers to classrooms in the school, increasing accessibility to computers from one for every eight students to one for every four in each classroom. The school educates students in pre-kindergarten through sixth grade. Thomson Elementary School is located at 1200 L Street NW, and has 380 students.

Contributions donated to the school in memory of Mr. Slate will be used to establish Thomson's first Internet connection. PBGC volunteers will instruct students in using the Internet.

PBGC has had an active relationship with the school since December 1993, when the agency moved into its current headquarters at 1200 K Street NW. PBGC adopted the Thomson Elementary School and has provided tutors, a mentoring program, and other support. PBGC currently has 50 employees who serve as volunteer tutors in the school. In the past two years, PBGC employees have donated 130 winter coats for the students, assuring that everyone who needed a coat had one, and helped defray the cost of new air conditioning units for the school.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974 to guarantee payment of basic pension benefits earned by nearly 42 million American workers and retirees participating in 55,000 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. 97-17