CHICAGO – June 3, 2009. Governor Pat Quinn is fulfilling his pledge to reform top state pension boards by naming six new trustees to the Teachers’ Retirement System Board and five new members to the State Board of Investment. Recently, the Governor signed legislation to reform the boards by implementing needed structural changes and ensuring the boards are more open and accountable to the people.
The Teachers’ Retirement System Board provides retirement pensions and other benefits for teachers and beneficiaries. The State Board of Investment manages the investments of the State Employees’ Retirement System, General Assembly Retirement System, Judges Retirement System, and the Public Employees Deferred Compensation Plan.
The new members of the Teachers’ Retirement System Board include:
Matthew Berns, Trustee – Berns, a graduate of University of Michigan Law School, has worked at Hu-Friedy Manufacturing for the past three years and serves on their 401 (k) Committee. He is a former employer of Culligan Manufacturing and Focal Communications Corporation.
Michael D. Busby, Trustee – Busby served for 18 years as the Vice President of Watson Wyatt Worldwide, a global human resource pension consulting firm. He has more than 35 years experience with the pension industry, including plan design, funding, investment and administration. He has a degree in accounting from the University of Notre Dame.
Livia Kiser, Trustee – Kiser, a trial attorney at Latham Watkins, LLP, has represented companies in administrative and regulatory proceedings, while also providing pro bono work in the areas of education and prisoner’s rights. Kiser has also served on her local school board. She is a graduate of Northwestern University School of Law.
Sidney Marder, Trustee – Marder, of Springfield, has been an active member in his local community and a longtime environmental advocate. He previously served as the State of Illinois, Director of the Division of Energy, a member of the Illinois Pollution Control Board and owner and partner in Marder & Associates, an environmental consulting firm.
Janice Reedus, Trustee – Reedus is the Vice President of Administration and Finance at Fenwick High School and previously served as the Senior Vice President of Bank of America. A graduate of the Northwestern University Kellogg Graduate School of Management, she has managed budgets over $20 million and, in partnership with investment advisors, an $18 million investment portfolio.
Sonia Walwyn, Trustee – Walwyn is the Vice President of the Midwest Region for Keane Organization, Inc. She previously served as Senior Manager, State & Local Tax Practice Leader at KPMG, LLP., Director of Tax and Legal Services at Pricewaterhousecoopers, LLP. and Deputy General Counsel for the Treasury Department of the Commonwealth of Pennsylvania. She is a graduate of the Villanova School of Law.
The new members of the Board of Investment include:
John Casey, Trustee – Casey is the former Secretary General of the World Alliance of YMCAs, an organization that represents over 14,000 local YMCAs in 124 countries with 45 million members. He previously served as the President of the YMCA of Metropolitan Chicago for 10 years. He received a Masters in Industrial Relations from Loyola University Chicago.
Fred Montgomery, Trustee – Montgomery is the Director of State and Local Tax for the Sara Lee Corporation. Previously, he served as an Assistant Attorney General in Illinois and attorney at the Illinois Department of Revenue. Montgomery is a member of the Board of Trustees of the Illinois State Chamber of Commerce, the Taxpayer's Federation of Illinois and the Civic Federation of Chicago. He received a Masters in Social Sciences from Stanford University and a Juris Doctorate from DePaul University School of Law.
Michele Bush, Trustee – Bush has served on a number of organizations and boards including Advocate Health Care and the General Board of Pension and Health Benefits of the United Methodist Church, which administers one of the largest pension funds in Illinois. She has received a Juris Doctorate from Northwestern University Law School and a Master of Laws in Health Law from Loyola University Chicago School of Law.
Heather Parish, Trustee – Parish is a community development consultant in Chicago. Previously she served as a public finance investment banker and fiscal/policy analyst for the State of California, specializing in personal income and bank and corporate tax legislation. Parish is a member of the Wieboldt Foundation board and received a Master’s in Public Policy from the Kennedy School of Government at Harvard University.
Ronald Powell, Trustee – Powell is a current trustee of the Illinois State Board of Investment. Powell is the United Food and Commercial Workers Union (UFCW) Local 881 President and International Vice President. He is also a member of the Board of Directors of the Amalgamated Bank of Chicago and a trustee of the UFCW Midwest Pension Fund.
For more information on Illinois Boards and Commissions, please visit Appointments.Illinois.gov.
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