PBGC Director Hartogensis to Depart at Close of Five-Year Term

Pension Benefit Guaranty Corporation Director Gordon Hartogensis will leave his leadership role once his five-year term expires at the end of April, according to a statement from the agency.

Hartogensis was nominated as chief of the agency charged with insuring both single and multi-employer private sector pension plans by former President Donald Trump and was confirmed by the Senate in 2019.

His tenure at the agency, which covers plans for 31 million American workers, retirees, and beneficiaries, included a major pension bailout enacted through the American Rescue Plan Act of 2021. The program has distributed $53.9 billion to plans thus ...