Borzi leads a staff of about 1,000 in a mission to protect employees' retirement, health care, and other benefits. And since her confirmation in July 2009 as assistant secretary, she and her team have been busy. The agency has published rules requiring the disclosure of fees to retirement-plan sponsors and participants. It also implemented Affordable Care Act provisions that include rules to prevent insurers from denying health care coverage to people with preexisting conditions, and to allow children to remain on their parents' health insurance through age 26. Borzi's agency plans to move forward with efforts to bring more transparency to 401(k) plan fees and accountability to the investment-advice industry by reducing conflicts of interest in that marketplace. Borzi, 66, has experience that includes 16 years on the staff of the House Education and Labor Committee. Immediately before her appointment, she was a research professor in the health policy branch of the George Washington University Medical Center. Borzi also did legal work with the Washington law firm O'Donoghue & O'Donoghue. The Patchogue, N.Y., native is a graduate of Ladycliff College, has a master's degree from Syracuse University, and a earned a law degree from Catholic University.
Phyllis Borzi, Assistant Secretary, Employee Benefits Security Administration
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