PBGC Announces New Inspector General Appointment

WASHINGTON, D.C.: The Pension Benefit Guaranty Corporation (PBGC) announced the appointment of Nicholas J. Novak as the agency’s Inspector General. In his 35-year career, Novak spent nearly 20 years holding various positions within PBGC’s Office of Negotiations and Restructuring (ONR) and the agency’s Office of the Inspector General. Novak’s ONR portfolio included supervising aspects of the Multiemployer Pension Insurance Program. He most recently served as PBGC’s Acting Inspector General since April 2020.

“I know that Nick shares my commitment to ensuring PBGC and everyone at the agency operates ethically and effectively,” PBGC Director Gordon Hartogensis said. “I look forward to continuing our work together as he takes on the role of Inspector General.”

As Inspector General, Novak will continue to oversee independent audits and investigations, provide guidance to improve the agency’s business practices, and execute procedures to prevent and detect fraud. Novak reports directly to PBGC’s Board of Directors and Congress to help improve and maintain the integrity of PBGC’s programs and operations.

A proven public servant, he previously worked at the U.S. Department of Justice, the Department of Health and Human Services, the Internal Revenue Service, the Government Publishing Office, and in the private sector.

He is a certified public accountant and holds a Bachelor of Business Administration in Accounting from the University of Maryland.

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February 17, 2021