83 FR 39135 - Solicitation of Nominations for Appointment to the Advisory Committee of the Pension Benefit Guaranty Corporation

PENSION BENEFIT GUARANTY CORPORATION

Federal Register Volume 83, Issue 153 (August 8, 2018)

The Pension Benefit Guaranty Corporation (PBGC) is soliciting nominations for appointment to the Advisory Committee of the PBGC.

[Federal Register Volume 83, Number 153 (Wednesday, August 8, 2018)]
[Notices]
[Page 39135]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16958]


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PENSION BENEFIT GUARANTY CORPORATION


Solicitation of Nominations for Appointment to the Advisory 
Committee of the Pension Benefit Guaranty Corporation

AGENCY: Pension Benefit Guaranty Corporation.

ACTION: Notice.

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SUMMARY: The Pension Benefit Guaranty Corporation (PBGC) is soliciting 
nominations for appointment to the Advisory Committee of the PBGC.

DATES: Nominations must be received on or before September 24, 2018. 
Please allow three weeks for regular mail delivery to PBGC.

ADDRESSES: Nominations must be submitted to Judith Larsen, Office of 
the Director, Pension Benefit Guaranty Corporation, 1200 K Street NW, 
Washington, DC 20005-4026, or as email attachments to 
[email protected]. If sending electronically, please use an 
attachment in Word or pdf format.

SUPPLEMENTARY INFORMATION: The Pension Benefit Guaranty Corporation 
(PBGC or the Corporation) administers the pension plan termination 
insurance program under Title IV of the Employee Retirement Income 
Security Act of 1974 (ERISA). Section 4002(h) of ERISA provides for the 
establishment of an Advisory Committee to the Corporation. The Advisory 
Committee consists of seven members appointed by the President from 
among individuals recommended by the PBGC Board of Directors, which 
consists of the Secretaries of Labor, Treasury, and Commerce. The 
Advisory Committee members are as follows:
     Two representatives of employee organizations;
     Two representatives of employers who maintain pension 
plans; and
     Three representatives of the general public.
    No more than four members of the Committee shall be members of the 
same political party. Anyone currently subject to federal registration 
requirements as a lobbyist is not eligible for appointment.
    Advisory Committee members must have experience with employee 
organizations, employers who maintain defined benefit pension plans, 
the administration or advising of pension plans, or in related fields. 
Appointments are for three-year terms. Some of the appointments may 
serve unexpired terms that have less than three years remaining. 
Reappointments are possible but are subject to the appointment process.
    The Advisory Committee's prescribed duties include advising the 
Corporation as to its policies and procedures relating to investment of 
moneys, and other issues as the Corporation may request or as the 
Advisory Committee determines appropriate. The Advisory Committee meets 
at least six times each year. At least one meeting is a joint meeting 
with the PBGC Board of Directors.
    By February 19, 2019, the terms of all of the Advisory Committee 
members will have expired. Therefore, PBGC is seeking nominations for 
all of the seats.
    PBGC is committed to equal opportunity in the workplace and seeks a 
broad-based and diverse Advisory Committee.
    If you or your organization wants to nominate one or more people 
for appointment to the Advisory Committee to represent any of the 
interest groups specified above, you may submit nominations to PBGC. 
Nominations may be in the form of a letter, resolution or petition, 
signed by the person making the nomination or, in the case of a 
nomination by an organization, by an authorized representative of the 
organization. PBGC encourages you to include additional supporting 
letters of nomination. PBGC will not consider self-nominees who have no 
supporting letters. Please do not include any information that you do 
not want publicly disclosed.
    Nominations, including supporting letters, should:
     State the person's qualifications to serve on the Advisory 
Committee (including any specialized knowledge or experience relevant 
to the nominee's proposed Advisory Committee position);
     State that the candidate will accept appointment to the 
Advisory Committee if offered;
     Include which of the positions (representing interest 
group) the candidate is being nominated to fill;
     Include the nominee's full name, work affiliation, mailing 
address, phone number, and email address;
     Include the nominator's full name, mailing address, phone 
number, and email address; and
     Include the nominator's signature, whether sent by email 
or otherwise.
    PBGC will contact nominees for information on their political 
affiliation and their status as registered lobbyists. Nominees should 
be aware of the time commitment for attending meetings and actively 
participating in the work of the Advisory Committee. Historically, this 
has meant a commitment of at least 15 days per year. PBGC has a process 
for vetting nominees under consideration for appointment.

Issued in Washington, DC.
William Reeder,
Director, Pension Benefit Guaranty Corporation.
[FR Doc. 2018-16958 Filed 8-7-18; 8:45 am]
BILLING CODE 7709-02-P