McConnell brother-in-law picked by Trump to lead pension agency

McConnell brother-in-law picked by Trump to lead pension agency
© Greg Nash

President TrumpDonald John TrumpFamily immigration detention centers could be at capacity within days: report Trump likely to meet with Putin in July: report DOJ requests military lawyers to help prosecute immigration crimes: report MORE on Tuesday announced his nomination of Gordon Hartogensis, brother-in-law of Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellFlake threatens to limit Trump court nominees: report Senate moving ahead with border bill, despite Trump On The Money — Sponsored by Prudential — Senators hammers Ross on Trump tariffs | EU levies tariffs on US goods | Senate rejects Trump plan to claw back spending MORE (R-Ky.), to lead a federal pension agency. 

Hartogensis, who is married to the sister of McConnell's wife, Transportation Secretary Elaine ChaoElaine Lan ChaoMitch McConnell — the Republican Senate's invaluable engine The lifesaving difference between connected cars vs. self-driving cars Transportation secretary defends brother-in-law’s nomination to lead pension agency MORE, is set to become the director of the Pension Benefit Guaranty Corporation (PBGC), which provides federal insurance on private sector pension plans. 

The official White House announcement included little information on Hartogensis, only noting his bachelor's and master's degrees in computer science and technology management without providing any up-to-date career information. 

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"Mr. Hartogensis is an investor and technology sector leader with experience managing financial equities, bonds, private placements, and software development," the White House said in a statement. 

According to his apparent LinkedIn profile, Hartogensis helps govern his family's trust and was the founder and CEO of Auric Technology LLC, a software development company, until 2011. The White House would not respond to inquiries into his work by CNBC, and neither Hartogensis nor Auric offered comment to Bloomberg.

The PBGC, which sustains payments on single- and multi-employer pension plans even when employers terminate workers' plans, is currently operating on a multibillion dollar deficit between assets and liabilities and is expected to become insolvent by 2025, according to Bloomberg.