The Pension Benefit Guaranty Corporation named two new directors of its benefits payments and quality management departments.
Diane Braunstein, an associate commissioner of the Social Security Administration, is joining PBGC to create a Department of Quality Management. In this role, she will oversee a new department focused on best practices for the benefits department and the agency at large.
Braunstein's career includes service to both the Congress and the Executive Branch, and as director of the Michigan Office of Services to the Aging, which provides home and community-based services to people on fixed incomes.
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She also served as deputy staff director of the Senate Aging Committee, where she handled retirement income issues for Sen. John Heinz. Braunstein is a recipient of the 2011 Service to America award for excellence in federal service.
Philip R. Langham, the former executive director of the Richmond Retirement System, is now director of the Benefits and Payment Department (BAPD) and has been on board since mid-September.
Langham has an extensive history in public service at both the federal and local government levels. While head of Richmond's retirement system he managed traditional pension and defined contribution programs, as well as Richmond's investment portfolio with more than $500 million in assets.
He currently serves on the board of directors at the Virginia College Savings Plan (529) with over $2 billion in assets.
A retired lieutenant colonel from the Air Force, Langham also held positions with the Office of the Secretary of Defense, the Joint Staff of the Department of Defense, and various Air Force bases throughout the U.S. and Panama.
Langham will lead ongoing improvements stemming from the strategic review of BAPD that began in 2011, including establishment of new groups specializing in valuing pension assets and in data acquisition.
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