Group Representing $1.3 Trillion in Retirement Assets Taps Forbes as Executive Director

BETHESDA, Md., Sept. 27, 2011 /PRNewswire/ -- The group that represents more than 100 of the largest corporate pension plans with more than $1.3 trillion in plan assets has found a new voice.  The Committee on Investment of Employee Benefit Assets (CIEBA) has tapped Deborah Forbes as Executive Director to be its advocate to government agencies, Congressional committees, and private organizations involved in issues affecting CIEBA members.

Forbes was previously Legislative & Policy Counsel for the Pension Benefit Guaranty Corporation, with prior experience as Pension Counsel for the U.S. Senate Committee on Health, Education, Labor and Pensions and as an associate at Covington & Burlington. She fills a vacancy left by Judy Schub, who passed away last year.

"CIEBA is committed to strengthening the private sector pension system so that it continues as a major source of retirement income for millions of Americans," said CIEBA Chairman Ralph J. Egizi, who is also Director, Benefits Finance & Investments, Eastman Chemical Company. "We believe we have found the right individual to help CIEBA continue to be a well-respected voice for representing employee plan participants."

Forbes also will represent CIEBA in public forums, develop conference programs for members, lead the group's research activities, and handle membership recruitment.

ABOUT CIEBA

The Committee on Investment of Employee Benefit Assets (CIEBA) is a nationally recognized forum for corporate pension plan sponsors on fiduciary and investment matters. CIEBA is the voice of the Association for Financial Professionals (AFP) on employee benefit plan asset management and investment issues. CIEBA is composed of more than 100 of the largest corporate pension funds in the U.S. with more than $ 1.3 trillion in retirement plan assets under management on behalf of more than 16 million plan participants and beneficiaries.

ABOUT AFP® (www.afponline.org)
The Association for Financial Professionals (AFP) is the daily resource for a network of more than 16,000 treasury and finance professionals. Headquartered outside Washington, DC, AFP provides members with news, economic research and data, treasury certification programs, networking events, financial analytical tools, training, and public policy representation to legislators and regulators. AFP's global reach extends to over 150,000 treasury and financial professionals worldwide, including AFP of Canada; London-based gtnews, an on-line resource for the treasury and finance community; and bobsguide, a financial IT solutions network.

SOURCE Committee on Investment of Employee Benefit Assets