WASHINGTON — President Joseph R. Biden Jr. recently appointed Davey Grubbs of North Carolina as a new member to serve on the Advisory Committee of the Pension Benefit Guaranty Corporation (PBGC). Grubbs will serve as a member representing the interests of the general public.
“Davey will contribute his expertise, perspective, and experience to our Advisory Committee,” said PBGC Acting Director Ann Y. Orr. “We look forward to working with him.”
As a member of the Advisory Committee, whose seven members represent the interests of employee organizations, employers, and the general public, Grubbs will offer his counsel on investment policy and other matters related to the agency’s mission.
Grubbs serves as vice president of the National United Committee to Protect Pensions (NUCPP) and as director for the North Carolina Committee to Protect Pensions. A retired truck driver with over 30 years of experience, Grubbs became a leader among Teamster retirees active in grassroots advocacy for solutions to the multiemployer pension crisis before enactment of the Special Financial Assistance (SFA) Program as part of the American Rescue Plan Act of 2021.
As of January 16, 2025, PBGC has announced approval of about $70.9 billion in SFA to 109 plans that cover about 1,336,000 workers, retirees, and beneficiaries.
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