Ohio Highway Patrol Seeks New Executive Director/CIO

February 2, 2009 (PLANSPONSOR.com) - The Ohio Highway Patrol Retirement System (HPRS) announced a search process for a new executive director/chief investment officer.

The Ohio Highway Patrol Retirement System is a publicly funded defined benefit pension plan organized under Internal Revenue Service Code 401(a) to provide pension and healthcare benefits to the sworn officer retirees of the Ohio State Highway Patrol. Currently there are about 1,700 active contributing members and about 2,300 benefit recipients, including retirees, surviving spouses and dependants. According to the announcement, the assets of the plan, as of December 31, 2007, were about $850,000,000.

The Executive Director is responsible for the day to day operations of the plan, including oversight of the portfolio investments, member relations and healthcare administration.

The HPRS is led by a board consisting of eleven members – five elected by the active duty members; two elected by retired members; the Superintendent of the State Highway Patrol; and three appointed members representing the Governor, the House/Senate, and the State Treasurer. The Executive Director is employed by contract with the Board. There are nine full-time and part-time employees of the plan.

Additional details on the position, including educational requirements and salary range is online at https://www.ohprs.org/ohprs/downloads/miscDocs/EDSearchNotice.pdf