Page 6 - 2012 Lycoming Summer Magazine

n the mid-1960s, William-
sport native Peter Lynn ’69
was an Army veteran and
married with a young son. A
non-traditional student, he had
no interest in attending a large
I found what I wanted in my own
backyard,” said Lynn, referring to Ly-
coming College, where he now serves as
chair of the board of trustees.
So he decided to follow a family
tradition and pursue his undergraduate
education at the same institution from
which his father and uncle had graduated.
Although he lived off campus with his
family, Lynn still was very active at the
College. He was elected the first presi-
dent of the school’s chapter of Omicron
Delta Epsilon, the international econom-
ics honor society. As a senior, he garnered
the John A. Streeter Memorial Award in
Economics, annually presented for out-
standing achievement in the discipline.
By taking advantage of summer course
offerings and through hard work and
determination in the classroom, he gradu-
ated cum laude with a bachelor’s degree
in economics in just three years.
Lynn’s stellar academic achieve-
ment created the opportunity for him to
consider two prestigious employment
offers, one as a research assistant to an
economist at the Federal Reserve Bank in
Philadelphia and the other as a manage-
ment analyst with the U.S. Government
Accountability Office in Washington,
D.C. He accepted the latter.
Roughly 18 months into his new posi-
tion, he was assigned the task of gather-
ing information to respond to questions
raised by the then-comptroller general,
Elmer B. Staats, regarding the magnitude
of the government’s unfunded liability as-
sociated with the federal civilian and mil-
itary service retirement systems. Based
on this task and many related subsequent
questions from the U.S. Congress, during
the next 15 years, Lynn became an expert
in federal employee pension plans. By
request, during his last 18 months with
the GAO, Lynn was assigned to the U.S.
Senate Governmental Affairs Committee
to assist in designing a new retirement
plan for federal civilian employees.
At the conclusion of his Senate com-
mittee assignment, Lynn decided to use
his expertise to start his own company.
He left the GAO in 1986 to establish
Government Retirement & Benefits Inc.,
where he serves as president and CEO.
GRB is a private benefits consulting firm
that provides assistance to federal agen-
cies’ human resources personnel and edu-
cates rank and file government employees
regarding their federal employment ben-
efits. Headquartered in Alexandria, Va.,
it was the first private firm to provide a
comprehensive retirement benefits calcu-
lator. As a result of the firm’s outstanding
success, Lynn was able to establish addi-
tional operations in Florida, New Mexico,
Oklahoma and Texas. GRB is now run by
Peter and Joyce Lynn’s two sons, Peter
Jr. and Michael. Today, the firm provides
Board chair Peter Lynn ’69
with wife, Joyce, at their home
in Laporte, Pa.