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Release Date: 04/09/2003
Release Number: 03-170
Contact Name: Sharon Morrissey
Phone Number: 202.693.8664
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Washington, DC - U.S. Secretary of Labor Elaine
L. Chao today announced the appointment of five persons to three-year
terms on the Advisory Council on Employee Welfare and Pension Benefit
Plans. She also made two one-year appointments to fill unexpired terms and
announced the leadership for the 2003 Council year. |
The ERISA Advisory Council, as it is commonly known,
consists of 15 members appointed by the Labor Secretary to three-year
terms. Five of the terms expire each November 14th, the end of
the Council year. The members represent various stakeholders in the
employee benefits world. |
“These seven distinguished individuals bring a wealth
of experience and expertise in their respective fields,” Chao said. “I
know that they and the returning members of the Advisory Council will work
hard to analyze and make recommendations about issues important to the
security of workers' benefits, while also supporting employers' efforts to
provide these benefits in our voluntary system.” |
Filling the five three-year terms in the respective
fields will be Mary B. Maguire of New York City, corporate trust; R. Todd
Gardenhire of Chattanooga, Tennessee, investment management; Mark Bongard
of Lexington, Kentucky., employer representative; Thomas Nyhan of
Rosemont, Illinois, employee organizations, and Antoinette Pilzner of
Detroit, Michigan, general public. |
Mary Maguire, now a consultant with Davis Consulting in
New York City and a former partner with EBUSINESSWARE, Inc, was previously
the managing director of Global Asset Management and Mutual Funds for J.P
Morgan Chase and Co. and managing director and division executive of the
treasury department of the Chase Manhattan Bank. At the latter, she was
entrusted with the bank’s investment portfolios in 18 countries, and,
under her leadership, assets increased from $2.5 billion to $8 billion.
During her 25 years with Chase, she also managed foreign fixed income
securities and foreign corporate equity trading, as well as municipal bond
and corporate bond portfolios. |
R. Todd Gardenhire served previously on the ERISA
Advisory Council from 1985-1988. Since 1987, he has been senior vice
president of investments at Salomon Smith Barney, prior to which he was an
assistant vice president at Merrill Lynch for 10 years. He became a
certified portfolio manager and retirement plan consultant in 1988 and has
been involved in money and account management since 1976. |
Mark Bongard is a senior benefits attorney for Ashland,
Inc., a Kentucky company with 22,000 employees that provides petroleum,
chemical and highway construction products and services. In 18 years of
legal practice, Bongard has worked primarily in the area of employee
benefits representing small, medium and large employers, and in qualified
deferred compensation plans. A member and past director of the Lexington
Employee Benefits Council, he serves as a member of the Retirement
Security Committee of the ERISA Industry Committee (ERIC). |
Thomas C. Nyhan, general counsel of the Central States,
Southeast and Southwest and Welfare and Pension Funds, has testified
before several congressional committees regarding benefits legislation. A
faculty member for the American Bar Association’s National Institute for
Continuing Legal Employment Law, he has written numerous articles for
legal publications on employee benefits issues. |
Antoinette Pilzner is a practicing employee benefits
attorney with Butzel Long, a Michigan law firm. As a member of the Society
for Human Resource Management’s National Compensation and Benefits
Committee, she recently represented SHRM before the ERISA Advisory Council
Working Group on Fiduciary Training and Education at a hearing to identify
ways to promote better education and training of employee benefit plan
fiduciaries and to strengthen the retirement security of working Americans
and their families. |
Two new members were appointed to fill one year remaining
in unexpired terms. They are Donald B. Trone of Pittsburgh, Pennsylvania,
who will replace Dr. Shlomo Benartzi as the investment counseling field
representative, and John S. “Rocky” Miller of Los Angeles as the
employer organization (multi employer plan) representative. Trone is
president and founder of the non-profit Foundation for Fiduciary Studies
affiliated with the University of Pittsburgh. He is a national expert on
investment fiduciary responsibility. Miller will complete the term of the
late Thomas McMahon. As a practicing lawyer with 25 years of experience,
Miller is a partner and head of the labor and employees’ benefits practice
at Cox, Castle and Nicholson, a California law firm.
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Named to the 2003 positions of chair and vice chair of
the Council, respectively, are Ronnie Sue Thierman of San Francisco and
David Wray of Chicago. Thierman, an actuarial vice president at Aon
Consulting Corporation, is beginning her third year on the Council and last
year served as vice chair. Wray, president of the Profit Sharing Council of
America, is beginning his second year; last year he served as vice chair of
the Working Group on Orphan Plans.
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U.S. Department of Labor
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Services and Technology. Please specify which news release when placing
your request. Call 202.693.7773 or TTY 202.693.7755. |
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