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PBGC Announces Leadership Appointment

PBGC Announces Leadership Appointment
FOR IMMEDIATE RELEASE
May 1, 2019

WASHINGTON – The Pension Benefit Guaranty Corporation is pleased to announce the appointment of Franklin Pace as the Director of the Corporate Controls and Reviews Department (CCRD) in the Office of the Chief Financial Officer. 

During his 30-year career, Pace has gained extensive internal control and audit experience in the federal government, including 20 years at PBGC. In his new role, Pace is responsible for managing PBGC’s overall program of internal control. As a proven manager and respected colleague, Pace will continue to coordinate across the agency’s departments to maintain PBGC’s high standards of stewardship and accountability.

Pace has a Bachelor of Science in Business Administration with a concentration in Accounting from Old Dominion University. He holds a Master of Science in Administration with a concentration in Information Resource Management from Central Michigan University.   

Pace has been serving as the Acting Director for CCRD since January. He replaces Martin Boehm who retired.

About PBGC:

PBGC protects the pension benefits of nearly 37 million Americans in private-sector pension plans. The agency operates two separate insurance programs — one covering pension plans sponsored by a single-employer and another covering multiemployer pension plans, which are sponsored by more than one employer and maintained under collective bargaining agreements. PBGC is currently responsible for 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, for the Single-Employer Program, assets and recoveries from failed single-employer plans. For more information, visit PBGC.gov.

Press Release Number: 
19-05