WASHINGTON, D.C. – The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Karen Morris to General Counsel.
"We are delighted that Karen will serve as General Counsel," said PBGC Director Gordon Hartogensis. "Karen has expert knowledge of ERISA and bankruptcy matters and she is a trusted source of practical solutions that will help support the agency's mission and protect the retirement security of millions of workers and retirees."
Since joining PBGC as an attorney in 1988, Morris has served in a variety of leadership positions and has represented PBGC in its highest profile and most complex bankruptcy cases and litigation matters. She most recently served as PBGC's Chief of Negotiations & Restructuring. She also previously served as Deputy Chief Counsel in PBGC's Office of the Chief Counsel.
In her new role, Morris provides advice and counsel for the Director and the agency on legal and regulatory issues, corporate governance, ethics, procurement, privacy, and on all aspects of PBGC's insurance programs and operations. She also serves as secretary to the PBGC Board of Directors.
Morris received her law degree from Georgetown University Law Center, and her Bachelor of Science degree in accounting from the University of Maryland.
PBGC protects the retirement security of over 33 million American workers, retirees, and beneficiaries in both single-employer and multiemployer private sector pension plans. The agency’s two insurance programs are legally separate and operationally and financially independent. PBGC is directly responsible for the benefits of more than 1.5 million participants and beneficiaries in failed pension plans. The Single-Employer Insurance Program is financed by insurance premiums, investment income, and assets and recoveries from failed single-employer plans. The Multiemployer Insurance Program is financed by insurance premiums. Special financial assistance for financially troubled multiemployer plans is financed by general taxpayer money.