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FOR IMMEDIATE RELEASE

August 01, 2002

Randy Clerihue, Director
Communications & Public Affairs
or
Jeffrey Speicher, News Division
(202) 326-4040

Randy Clerihue Is Communications Chief for Federal Pension Insurer

The Pension Benefit Guaranty Corporation (PBGC) today announced the appointment of Randy Clerihue as director of communications and public affairs.

"Randy Clerihue has gained impressive experience in a number of high-level public affairs positions in Washington," said PBGC Executive Director Steven A. Kandarian. "Under his direction, PBGC will improve its strategic communications to better inform Americans about our pension insurance program and the important protection it provides."

Clerihue comes to PBGC from the Health Insurance Association of America, where he was director for communications. In his Washington career he has also served as communications chief of the President's Commission to Strengthen Social Security, communications director of the Cato Institute and Heritage Foundation, and press secretary to Rep. Cliff Stearns (R-Fla.).

Clerihue is a graduate of Taylor University in Upland, Ind. and earned his M.A. in writing and reporting from Northwestern University's Medill School of Journalism.

PBGC is a federal corporation created under the Employee Retirement Income Security Act of 1974. It currently guarantees payment of basic pension benefits earned by about 44 million American workers and retirees participating in over 35,000 private-sector defined benefit pension plans. The agency receives no funds from general tax revenues. Operations are financed largely by insurance premiums paid by companies that sponsor pension plans and by PBGC's investment returns.

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PBGC No. 02-34