"When Mr. Salisbury, then just 29, joined EBRI [in 1978] after holding various positions at the PBGC and the departments of Labor and Justice, corporate defined benefit plans were growing instead of shrinking, 401(k) plans had yet to be launched, 'derisking' was not yet part of the pension lexicon, and COBRA referred to an animal, not an acronym for the 1986 federal health-care continuation law.... 'Washington is full of institutions that lobby government; Dallas created one that educates the nation,' said former PBGC Director Joshua Gotbaum."