WASHINGTON – The Pension Benefit Guaranty Corporation is pleased to announce an appointment in the Office of the General Counsel. Paul Chalmers has been named Deputy General Counsel for the General Law & Operations Department.
Chalmers, previously an Associate General Counsel, joined PBGC’s legal team in 2012.
In his new role, Chalmers oversees attorneys and staff responsible for ethics, procurement, and labor and employment issues. He also oversees the agency’s FOIA/disclosure program and the PBGC Appeals Board. Chalmers will also serve as an advisor to the General Counsel and senior management on a variety of legal issues.
Chalmers brings 27 years of legal and management experience to the position. Prior to joining PBGC, he practiced law in the private sector where he handled complex litigation matters.
Chalmers holds a Juris Doctor degree from the University of Chicago and a Bachelor of Arts in political science from Hampden-Sydney College.
He replaces Philip Hertz, who recently retired from 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.