The Corporation is aided by a seven-member Advisory Committee appointed by the President of the United States to represent the interests of labor, employers and the general public. ERISA outlines several responsibilities for PBGC's Advisory Committee, including advising on investment policy and on other matters related to PBGC’s mission.
MEMBERS
JEANMARIE GRISI
Committee Chair | Representing Employers
Grisi has been reappointed to the Advisory Committee and will serve as the chair. She is head of global pensions at Nokia. She is responsible for the oversight of the investments and the group accounting for the Nokia pension and post-retirement benefit assets totaling over $35 billion. Previously, she was the U.S. chief investment officer of Alcatel-Lucent and served in a variety of retirement plan positions over the span of 21 years. Grisi is a member of the Board of Governors of St. John’s University, a director of Vantage Trust Company, LLC, a member of the GSUSA Investment Committee, and director for the Nokia Bell Pension Fund. She is a CPA and holds a Bachelor of Science in accounting from St. John’s University in Queens, NY. She will continue to represent the interests of employers in addition to serving as Committee chair.
ILANA BOIVIE
Committee Member | Representing Employee Organizations
Boivie is the assistant director of strategic resources for the International Association of Machinists and Aerospace Workers (IAM). An economist by training, she has more than 15 years of experience working on retirement, health care, and other compensation and benefit issues. She previously served in a leadership role at the IAM National Pension Fund, and as director of programs for the National Institute on Retirement Security. Boivie graduated with a bachelor’s degree in English from Binghamton University and earned a master’s in economics from New Mexico State University. She will represent the interests of employee organizations.
DAVEY GRUBBS
Committee Member | Representing General Public
Grubbs serves as vice president of the National United Committee to Protect Pensions (NUCPP) and as director for the North Carolina Committee to Protect Pensions. A retired truck driver with over 30 years of experience, Grubbs became a leader among Teamster retirees active in grassroots advocacy for solutions to the multiemployer pension crisis before enactment of the Special Financial Assistance (SFA) Program as part of the American Rescue Plan Act of 2021.
KATHRYN J. KENNEDY
Committee Member | Representing General Public
Kennedy is a law professor and director of the Center for Tax Law and Employee Benefits at the University of Illinois Chicago School of Law. Kennedy previously served on the IRS’ Advisory Council for Tax Exempt/Government Entities, and on the U.S. Department of Labor’s ERISA Advisory Council. During her studies at Drake University, she earned a bachelor’s degree in actuarial science, and within two years of graduation, she became a fellow of the Society of Actuaries. She later graduated from Northwestern University School of Law. Kennedy will represent the interests of the public.
JOE LOCICERO
Committee Member | Representing General Public
LoCicero is currently the chair of the Segal Group. In 2005, he joined Segal as the president and chief executive officer (CEO). Prior to joining Segal, and following his combat service in the U.S. Army, LoCicero began his actuarial career at Buck Consultants where he became president, CEO, and chair. During his career, LoCicero served as a consulting actuary, where he worked on the design and funding of defined benefit retirement plans. LoCicero received his undergraduate degree in mathematics from Hunter College and holds a Juris Doctorate degree from New York Law School. He is a fellow of the Conference of Consulting Actuaries, a member of the American Academy of Actuaries, and an enrolled actuary. LoCicero is a retired member of the Bar of the State of New York and the Bar of the State of New Jersey. He will represent the interests of the general public.
KWEKU OBED
Committee Member | Representing Employers
Obed is a managing director for Marquette Associates and serves on the firm’s board of directors. His responsibilities include working with defined benefit and defined contribution clients on asset allocation, performance measurement and analysis, investment manager search, and investment policy development. Obed holds a Bachelor of Science with honors in economics from Queen Mary College, University of London, and a Master of Science in development economics from the School of Oriental and African Studies, University of London. He is a recipient of the Bernard Corry Prize in Economics. Obed is a chartered financial analyst and holds the chartered alternative investment analyst designation. He will represent the interests of employers.
LAMONT EVERETT (MONTE) TARBOX
Committee Member | Representing Employee Organizations
Tarbox has over 30 years of experience as a chief investment officer and advisor serving large multiemployer pension funds and other institutional investors. Before his retirement in 2024, Tarbox was president of the AFL-CIO Investment Trust Corporation. Tarbox has a bachelor’s degree from Carleton College and an MBA from the University of Chicago Graduate School of Business. Tarbox will represent the interests of employee organizations.