PBGC Appointment to Represent General Public

October 23, 2014 (PLANSPONSOR.com) - President Obama has appointed Donald J. Butt to serve as a member of the Advisory Committee of the Pension Benefit Guaranty Corporation.

He is charged with representing the interests of the general public.

Butt serves on the Board of the Defined Contribution Institutional Investment Association, and is active with the Committee for the Investment of Employee Benefit Assets (CIEBA). Prior to his current engagements, he worked for 40 years at Qwest Communications, retiring as the vice president for operations and defined contribution plans for Qwest Asset Management Co. in 2010.

While at Qwest he was responsible for the design, investment management, and selection of investment options in the company’s $3 billion 401(k) plan. He was also part of the senior leadership team responsible for the investment and management of $10 billion in additional employee retirement assets.

“Don’s experience in building and maintaining retirement benefits will be an important addition to the Advisory Committee,” says PBGC Acting Director Alice Maroni. “We look forward to his guidance in the days ahead.”

Butt has a Bachelor of Science degree from Metropolitan State College in Denver and an MBA from the University of Denver.