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When
Hartogensis took the helm of the PBGC in 2019, the agency's multiemployer insurance program was projected to be insolvent by 2025 and had a financial deficit of over 65 billion dollars. He worked with both parties in Congress to try to find a bipartisan solution to the crisis, and he testified
213:
which was signed into law by
President Biden on March 11, 2021, provided $ 86 billion to address the multiemployer pension crisis. The law created Special Financial Assistance (SFA), a rescue program for financially troubled multiemployer pension plans. The SFA program was implemented by the PBGC
200:
Hartogensis was nominated for the position of
Director of the Pension Benefit Guaranty Corporation on May 15, 2018. He was confirmed for a five-year term by the United States Senate on April 30, 2019, by a vote of 72–27. He was sworn in as Director on May 15, 2019.
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PBGC's 2021 annual report reflected the impact of SFA, and the agency reported positive financial positions in both its single-employer and multiemployer insurance programs for the first time in over 20 years. As a result, the
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Shortly after his departure from Aspen, Hartogensis founded and led Auric
Technology, a customer relationship management (CRM) software company. Auric was sold to Telnorm in 2011.
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rated PBGC number one in "2021 Best Places to Work in the
Federal Government" among small agencies. Hartogensis accepted the award on behalf of PBGC.
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After the sale of Auric
Technology, Hartogensis became an angel investor who funded and advised several technology startup companies.
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in 1993 to join two classmates from
Stanford as an equal partner in a startup supply chain management software company called
791:"Trump nominates brother-in-law of Senate GOP leader Mitch McConnell and Transportation Secretary Chao to run pension agency"
672:"High-Risk Series: Efforts Made to Achieve Progress Need to Be Maintained and Expanded to Fully Address All Areas | U.S. GAO"
234:
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575:"PBGC to Provide Special Financial Assistance to Troubled Multiemployer Plans | Pension Benefit Guaranty Corporation"
696:"PBGC Rated Number One in "Best Places to Work" Among Small Federal Agencies | Pension Benefit Guaranty Corporation"
435:"PBGC Projections: Multiemployer Program Remains in Dire Financial Condition | Pension Benefit Guaranty Corporation"
30:
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In 2023, Hartogensis supervised the agency's move to a new headquarters in the
Portals II office building near
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162:(born June 17, 1970) is an American businessman, investor, and government official who served as the
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Annual financial position of PBGC single-employer and multiemployer insurance programs 2000–2023
599:"PBGC Issues Final Rule on Special Financial Assistance | Pension Benefit Guaranty Corporation"
316:"PBGC Director Gordon Hartogensis Concludes 5-year Term | Pension Benefit Guaranty Corporation"
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647:"Huge Turnaround Swings PBGC Multiemployer Program into the Black | Chief Investment Officer"
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483:"PBGC Director Gordon Hartogensis Issues Statement | Pension Benefit Guaranty Corporation"
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508:"Statement of PBGC Director Gordon Hartogensis Before the Senate Committee on Finance"
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526:"How The American Rescue Plan Act Will Help More Than A Million Retirees And Workers"
292:"Gordon Hartogensis Sworn in as PBGC Director | Pension Benefit Guaranty Corporation"
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551:"Pension Benefit Guaranty Corp. issues final rule to help struggling pensions"
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623:"PBGC Releases FY 2021 Annual Report | Pension Benefit Guaranty Corporation"
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459:"PBGC Releases FY 2019 Annual Report | Pension Benefit Guaranty Corporation"
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removed PBGC from its High-Risk List for the first time since 2003.
372:"Trump nominates Mitch McConnell in-law Gordon Hartogensis for job"
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340:"Company News; Aspen Acquires Another Petroleum Software Company"
720:"This agency tries to preserve pensions for millions of people"
186:, Hartogensis served in a leadership role until June 2002.
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Director of the
Pension Benefit Guaranty Corporation (PBGC)
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Director of the
Pension Benefit Guaranty Corporation (PBGC)
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American Society of Pension Professionals & Actuaries
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Office, U. S. Government Accountability (20 April 2023).
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His five-year term at the PBGC ended on April 30, 2024.
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Hartogensis is married to Grace Chao, the sister of
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789:Mangan, Dan; Breuniger, Kevin (May 15, 2018).
421:"Gordon Hartogensis Sworn in as PBGC Director"
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407:"U.S. Senate Roll Call Vote 116th Congress"
196:Pension Benefit Guaranty Corporation (PBGC)
263:and the Secretary of Transportation under
29:
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746:"Hartogensis' Term as PBGC Director Ends"
423:. Pension Benefit Guaranty Corporation.
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274:, the sitting Senate Minority Leader.
228:Government Accountability Office (GAO)
56:May 15, 2019 – April 30, 2024
270:Hartogensis is the brother-in-law of
7:
837:Pension Benefit Guaranty Corporation
765:"Elaine Chao Defends brother-in-law"
182:. After the company was acquired by
174:Hartogensis left a brief career at
506:Hartogensis, Gordon (2019-12-11).
14:
211:American Rescue Plan Act of 2021
16:American businessman (born 1970)
259:, the Secretary of Labor under
214:under Hartogensis' leadership.
744:Iekel, John (April 25, 2024).
549:Kovaleski, Dave (2022-07-11).
235:Partnership for Public Service
1:
763:Hanna, Andrew (7 June 2018).
242:The Wharf (Washington, D.C.)
858:
555:Financial Regulation News
393:"On the Nomination PN150"
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149:in Technology Management)
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207:Senate Finance Committee
832:Connecticut Republicans
209:in December 2019. The
374:. Cnbc.com. 2018-05-15
233:On July 13, 2022, the
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180:Petrolsoft Corporation
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140:in Computer Science)
166:from 2019 to 2024.
143:Columbia University
134:Stanford University
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160:Gordon Hartogensis
23:Gordon Hartogensis
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358:"SEC Filing"
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265:Donald Trump
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65:Donald Trump
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842:Chao family
822:1970 births
774:7 September
676:www.gao.gov
395:. govtrack.
257:Elaine Chao
205:before the
76:Preceded by
816:Categories
730:2023-04-04
705:2022-07-25
681:2023-04-27
656:2022-07-18
632:2022-07-18
608:2022-07-18
584:2022-07-18
560:2022-07-18
535:2022-07-18
492:2022-07-18
468:2022-07-18
444:2022-07-18
378:2019-09-21
325:2024-05-01
301:2024-05-01
278:References
125:Grace Chao
116:Republican
100:1970-06-17
130:Education
69:Joe Biden
61:President
52:In office
800:June 12,
769:Politico
530:Forbes
122:Spouse
511:(PDF)
42:16th
802:2019
795:CNBC
776:2020
94:Born
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
