WASHINGTON — Ann L. Combs will step down on Oct. 27 as head of the Employee Benefits Security Administration after 5%BD; years on the job.
Ms. Combs, who served as assistant secretary of labor, does not have any job plans but expects to remain in the retirement benefits community. She also would be open to working on health-care issues, she said in an interview with Pensions & Investments.
Ms. Combs previously has served as chief counsel for pensions and retirement at the American Council of Life Insurers and a principal at William M. Mercer Inc., both in Washington.
There was no word on when a successor might be named and who might be under consideration. Some sources said that Bradford P. Campbell, Ms. Combs' deputy, might be named as interim assistant secretary, but they did not know if he would seek the job on a permanent basis. Mr. Campbell did not return calls by press time seeking comment.
Sources noted, however, that more senior industry figures would be less likely to uproot their families to switch jobs for the last two years of an eight-year Bush presidency.
In addition, the next assistant secretary's ability to carve out an agenda is circumscribed both by time and by the need to draft some 35 regulations that will implement the Pension Protection Act signed into law on Aug. 17.