Sunday, September 25, 2011

Bailey & Ehrenberg PLLC Announces Arrival of Terrence M. Deneen

Bailey & Ehrenberg PLLC is pleased to announce that Terrence M. Deneen, formerly Chief Insurance Program Officer at the federal Pension Benefit Guaranty Corporation, has joined the firm as Of Counsel. As the CIPO from 2004 until his retirement in early 2011, Terry was one of the highest-ranking career employees at PBGC and led the staff of nearly 150 attorneys, financial analysts, and actuaries who represent the agency in negotiations, bankruptcies and litigation with plan sponsors, including in high profile matters such as the Chrysler, General Motors, and Delphi bankruptcies. He is well-known for his work with underfunded multiemployer retirement plans and financially distressed corporate plan sponsors.

Terry began his career with PBGC as a staff attorney from 1978-81 and helped secure the passage of the landmark Multiemployer Pension Plan Amendments Act of 1980, the first significant amendment to ERISA. Terry returned to PBGC in 1992 following a stint in private practice, and served in senior legal positions before his appointment as CIPO. With this move, Terry re-unites with B&E partner Jeff Cohen as they team up for the third time in their careers. In the early 1980’s they worked together on the legal staff of the UMWA Health & Retirement Funds, and then served the public together in senior positions at PBGC for many years. Terry is a Charter Fellow of the American College of Employee Benefits Counsel and a recipient of PBGC’s Distinguished Career Service Award.

The addition of Mr. Deneen and his unparalleled depth and breadth of knowledge and experience in ERISA matters is the latest step in the growth of B&E’s employee benefits practice. The firm advises on all aspects of employee benefits law and litigates a broad range of benefits issues. Bailey & Ehrenberg PLLC handles the most sophisticated legal matters while providing clients with personalized service. Our partners are experienced attorneys with solid reputations as strategic problem solvers, skilled negotiators, and aggressive litigators. Please contact our offices to find out how we can help you or your organization.