James Geoffrey II, a spokesman for Mr. McKeon, said Messrs. McKeon and Boehner generally share the same views on the retirement bill. "They collaborated in a variety of ways on the draft of the House pension reform bill," said Mr. Geoffrey. "Obviously, you don't know exactly what's going to happen in committee, but they do agree on the thrust of it."
The House pension reform bill proposes changing the way corporate pension plans can calculate their liability discount rates, and defines pension plans that are funded at less then 60% for the preceding year as "at-risk."
Mr. McKeon has been on the Education and Workforce Committee since 1993.
Jeffrey E. Gundlach, CIO of TCW Group, was also appointed CIO of the firm's Strategic Income Fund, replacing Thomas Lyons, said Michael Utley, spokesman. Mr. Lyons, a specialist in convertible securities, will continue to manage the convertibles portion of the fund, said Mr. Utley. The Strategic Income Fund invests in mortgage-backed, asset-backed, convertibles and high-yield debt securities, as well as collateralized debt obligations. It can also use up to 30% leverage.
Bill Driscoll was named director of research of the global fundamental strategies team at State Street Global Advisors, said Arlene Roberts, spokeswoman. He replaces Dean Gekas, who left the firm at the end of 2005 to pursue other interests. Mr. Driscoll will report to Matthew McPhee, head of GFS, which oversees the firm's actively managed long-only equity products, according to a news release. Mr. Driscoll was an equity analyst with the GFS group, covering the media industry. Ms. Roberts said SSgA has yet to name a replacement.