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 TrumpMueller report findings could be a 'good day' for Trump, Dem senator says Trump officials heading to China for trade talks next week Showdown looms over Mueller report MORE on Tuesday announced his nomination of Gordon Hartogensis, brother-in-law of Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellConservatives wage assault on Mueller report Overnight Energy: Interior reverses decision at heart of Zinke criminal probe | Dem divisions deepen over approach to climate change | GM to add 400 workers to build electric cars Trump: Green New Deal 'the most preposterous thing' and 'easy to beat' 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 ChaoLion Air voice recorder reveals pilots' frantic struggle to control plane: report The Hill's Morning Report - Trump, Dems put manufacturing sector in 2020 spotlight Trump nominates former Delta executive to lead FAA 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. 

ADVERTISEMENT

"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.