Biden Taps New PBGC Head as Agency Battles Mounting Criticism

President Joe Biden has nominated a new director for the Pension Benefit Guaranty Corporation, an agency that has recently been marred by controversy over its handling of pension bailout funds.

Biden announced Thursday he picked Deva A. Kyle—an attorney specializing in employee benefits at Cohen, Weiss and Simon LLP—to serve as chief at the government’s private pension insurer. Her nomination heads to the Senate, where the agency’s recent actions have sparked criticism from senior Republicans.

The PBGC has been targeted by congressional Republicans after its watchdog revealed it overpaid the Teamsters union pension fund over $127 million after failing ...