WASHINGTON - President Obama has appointed Babette A. Ceccotti to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation. She will serve as a member representing the interests of employee organizations.
"Babette has extensive experience in employee benefits and bankruptcy, making her a valuable addition to the Advisory Committee," said PBGC Director Tom Reeder. "We look forward to working with her on ways to preserve pensions and enhance retirement security."
Ceccotti is a retired partner from Cohen, Weiss and Simon LLP in New York City, where she focused on employee benefits and bankruptcy. In the firm's employee benefits practice, she represented unions and employee benefit plans in matters under the Employee Retirement Income Security Act and the Federal Employees Health Benefits Program.
Additionally, Ceccotti represented labor organizations and employee benefit plans in numerous business bankruptcy cases in the airline, automotive and other industries.
"I'm delighted to join the PBGC's Advisory Committee," Ceccotti said. "PBGC plays a crucial role in preserving and protecting pensions earned by employees over the course of their working lives. I look forward to working together with the other members of the Committee and Director Reeder to continue to fulfill that essential mission."
Ceccotti was appointed by President Clinton to serve on the National Bankruptcy Review Commission from 1995 to 1997. She is a conferee of the National Bankruptcy Conference.
Ceccotti received a Bachelor of Arts from Clark University and a Juris Doctor from New York Law School.
About the Advisory Committee
The agency is aided by a seven-member Advisory Committee appointed by the President of the United States to represent the interests of employee organizations, employers, and the general public. The Advisory Committee advises PBGC on its investments, regulations and other matters.
PBGC protects the pension benefits of more than 40 million Americans in private-sector pension plans. The agency is directly responsible for paying the benefits of about 1.5 million people in failed pension plans. PBGC receives no taxpayer dollars. Its operations are financed by insurance premiums, investment income, and with assets and recoveries from failed single-employer plans. For more information, visit PBGC.gov.