Bradley Belt, executive director of the Pension Benefit Guaranty Corporation, announced on Thursday he would leave the agency at the end of May after two years in the post.
During his tenure, the agency was involved in the settlement of the $10.2bn claim in the United Airlines case, the largest in the agency’s history. The agency also experienced a record level of pension plan terminations, a dramatic increase in risk exposure, and a near doubling of its customer base, the agency said.
