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Office of the Press Secretary

For Immediate Release December 7, 1994

The President today announced his appointment of Milton Irvin and Judith A. Scott to be members of the Advisory Committee to the Pension Benefit Guaranty Corporation.

Mr. Irvin is the Director of the Pension Services Group for Solomon Brothers. He also serves on the board of directors of the Executive Leadership Council, a national civic organization of top minority businesspersons. After receiving a bachelor of science degree from the United States Merchant Marine Academy in 1971, Mr. Irvin earned a masters degree in business administration from Wharton Graduate School at the University of Pennsylvania in 1974.

Ms. Scott is General Counsel to the International Brotherhood of Teamsters. Previously, she served as Associate General Counsel for the United Mine Workers of America, legislative representative to the Industrial Union Department of the AFL-CIO, and labor counsel to the United Auto Workers Union and the American Federation of State, County, and Municipal Employees. Ms. Scott is also a board member of the Women's Legal Defense Fund. She received a bachelor's degree from Wellesley College in 1971 and a law degree from Northwestern in 1974.

The Advisory Committee advises the Corporation on policies and procedures relating to the appointment of trustees in termination proceedings, the investment of monies, schedules for the liquidation of terminated pension plans and other issues as the Corporation may request. It focuses primarily upon the Corporation's investments, regulations, insurance program and the defined benefit pension system.