Hello! I'm Phyllis C. Borzi, Assistant Secretary for the Employee Benefits Security Administration at the U.S. Department of Labor. Thanks for subscribing to my update for consumers and those interested in retirement issues.
"Before It's Too Late" will return in the New Year. In the meantime, I wanted to send a special bulletin with important news for everyone who cares about benefits security.
On November 1, 2013, after 34 years of service to the U.S. Department of Labor, Alan D. Lebowitz retired as the Deputy Assistant Secretary for Program Operations for the Employee Benefits Security Administration.
Alan came to the Department of Labor in 1979 from the Internal Revenue Service and helped to shape the Pension and Welfare Benefits Administration (later the Employee Benefits Security Administration). He was named the Deputy Assistant Secretary for Program Operations of the Employee Benefits Security Administration in 1984, and served as the chief operating officer of the agency until this month.
Alan has been an important stabilizing force and steadfast leader for EBSA, serving ten different Secretaries of Labor. Many of you have firsthand knowledge of his deep experience and excellent judgment. I have relied heavily on his wisdom and counsel and miss being able to draw upon them on a daily basis.
Although Alan is irreplaceable, I am pleased to announce that Timothy D. Hauser, the current Associate Solicitor and head of the Plan Benefits Security Division, has agreed to serve as Alan's successor. Tim has been with the Department of Labor for 22 years, overseeing the ERISA litigation and regulatory work of the Solicitor's Office. Tim came to DOL after working as a trial attorney for five years at Legal Aid of Western Missouri. He graduated from Harvard Law School in 1985.
I can't think of a better successor to Alan. Tim's first day as the next Deputy Assistant Secretary for Program Operations will be December 2, 2013. In the interim, Joel Lovelace is serving as EBSA's Acting Deputy Assistant Secretary for Program Operations.
I'm also delighted to announce that in October, new Deputy Assistant Secretary Judy Mares joined the EBSA team. Judy comes to the Department of Labor after a long and rewarding career in the private sector. Most recently, she was the Chief Investment Officer of ATK where she managed a total of $4.2 billion in assets. A former CIO of Ameritech Corporation and the Director of Benefit Finance at General Mills, Judy has also served as a Chair of the ERISA Advisory Council, the Defined Contribution Chair of CEIBA, and was a loaned executive to President Carter's Commission on Pension Policy.
Judy's extensive experience with and sophisticated understanding of the financial marketplace is a wonderful addition to the expertise already in place at EBSA. She has already made valuable contributions to our work and I look forward to a long and productive partnership with her and with Tim.
One of Alan's greatest legacies is an effective, smartly-run agency, operated by excellent and committed staff. Their skill and dedication ensures the Employee Benefits Security Administration will continue its important work, protecting the retirement, health, and other workplace benefits of America's workers and their families.
• Read more about EBSA's Deputy Secretary Judy Mares