Snowbarger Retakes PBGC Top Spot

June 1, 2006 ( - US Secretary of Labor Elaine Chao on Thursday tapped former US Representative Vincent Snowbarger as acting executive of the Pension Benefit Guaranty Corporation (PBGC).

The latest appointment marks the second time Snowbarger will head the nation’s private-sector insurance program in an acting capacity. Chao also turned to Snowbarger in February 2004 after former PBGC head Steven Kandarian left his post. (See Ex-Kansas Congressman Named as Acting PBGC Chief ).

Now, Snowbarger takes over for Bradley Belt who announced his departure in March and had his last day on the job Wednesday, the DoL said.

Snowbarger has served as the PBGC’s deputy executive director since November 2004. Additionally, Snowbarger served as the PBGC’s assistant executive director for legislative affairs from June 2002 until November 2004.