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News & Policy

Pension Agency Honors Nine Individual and Five Groups of Employees

April 14, 1998

The Pension Benefit Guaranty Corporation (PBGC) today honored the achievements of nine individual and five groups of employees during award ceremonies in Washington, D.C.

"Today's awardees exemplify the best characteristics of government service - professional, customer-oriented, team players," said Executive Director David M. Strauss.

The Distinguished Career Service Award, PBGC's highest award, was presented to Anna L. Gilreath, Manager, Standard Termination Compliance Division. The award recognizes Gilreath's cumulative achievements and distinguished service throughout her 23-year career at PBGC.

Gilreath manages PBGC's program that assures compliance when certain pensions end. She established a proactive educational outreach program, and often speaks before professional pension groups.

Other employees received awards for their achievement in support services, equal employment opportunity and community voluntarism. Group awards were presented for successful teamwork efforts in customer service, improved work methods, information technology advances, litigation and career mentoring.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974 to guarantee payment of basic pension benefits earned by about 42 million American workers and retirees participating in 45,000 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. 98-21