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Advisory Committee

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.


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.

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.

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.



Crabill retired from General Motors (GM) in Detroit, Michigan, where he most recently served as the Director of North America, Retirement and Profit-Sharing Plans. He was responsible for plan design, management, and administration of GM’s defined benefit pension plans and defined contribution plans. Throughout his career, Crabill has held various leadership roles in human resources, labor relations, compensation, and benefits in the U.S., Mexico, and Europe. He holds a Bachelor of Science in Industrial Engineering from Lehigh University and a Master of Science in Engineering Management from the University of Dayton, as well as completed an executive development program from Carnegie Mellon University. He will represent the interests of employee organizations.


Jacobson retired from his position as administrator of the National Automatic Sprinkler Industry (NASI) Funds; a position he held from 1984 to 2020. The NASI funds include three multiemployer defined benefit pension plans providing benefits to more than 10,000 retired participants in the construction industry; who were employed by more than 600 contributing employers nationwide. Jacobson is a Certified Employee Benefits Specialist and holds a Bachelor of Science in secondary science education from the University of Maryland. He will represent the interests of the general public.


Pinkman retired after serving the City of Lincoln for over 30 years with Lincoln Fire and Rescue. He is the Chairman of the Lincoln Police and Fire Pension fund and has been a trustee for 14 years. Pension systems, institutions, family offices, and consultants worldwide recognize Mr. Pinkman as a subject matter expert in pensions, including funding status, policy, fiduciary responsibility, and numerous other subjects. Pinkman holds a Bachelor of Science in Public Relations, Advertising, and Applied Communications with minors in economics and marketing from the University of Nebraska-Lincoln. Pinkman is on his second appointment to the Advisory Committee and will continue to represent the interests of employee organizations.

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