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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release January 27, 2000

PRESIDENT CLINTON NAMES TWO MEMBERS OF THE ADVISORY COMMITTEE TO THE

PENSION BENEFIT GUARANTY CORPORATION

The President today announced his intent to reappoint Beverly White and appoint Phyllis C. Borzi to serve as Members of the Advisory Committee to the Pension Benefit Guaranty Corporation.

Ms. Beverly White, of Tallahassee, Florida, was originally appointed to the Advisory Committee of the Pension Benefit Guaranty Corporation in July 1996. From 1996 to January 1999, Ms. White served as the International Trade and Development Coordinator for Governor Lawton Chiles. She served as a Grants and Special Projects Coordinator for the Florida Department of Commerce from 1995 to 1996. Ms. White also owned and operated her own consulting firm from 1981 to 1994. She has chaired numerous committees and community outreach events. Ms. White received a B.A. degree in Political Science and a M.S. degree in Education from Florida State University.

Ms. Phyllis C. Borzi, of University Park, Maryland, is of counsel with O'Donoghue & O'Donoghue, a Washington, D.C. law firm, and a Research Professor at the Center for Health Services Research and Policy at the George Washington University School of Public Health and Health Services, Washington, D.C. From 1979 to 1995, Ms. Borzi served as Pension and Employee Benefit Counsel for the U.S. House of Representatives, Subcommittee on Labor-Management Relations of the Committee on Education and Labor (now called the Committee on Education and the Workforce). She has also served as a consultant to the World Bank on pension reform in the Republic of Bulgaria. In addition, Ms. Borzi has authored and co-authored numerous articles, research papers, and publications. Ms. Borzi received a B.A. degree from Ladycliff College in Highland Falls, New York, a M.A. from Syracuse University, and a J.D. degree from Catholic University, Washington, D.C.

The Advisory Committee to the Pension Benefit Guaranty Corporation (PBGC) advises the Corporation on its 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 such other issues as the Corporation may periodically request. The Advisory Committee focuses primarily upon the Corporation's investments, regulations, insurance program and the defined benefit pension system.

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