Quinn Taps Six for Illinois TRS Board Posts

June 4, 2009 (PLANSPONSOR.com) - Illinois Governor Pat Quinn has appointed six new members to the Board of Trustees of the Teachers' Retirement System of the State of Illinois (TRS), the TRS announced.

A TRS news release said the appointments were on acting basis pending approval by the state Senate.

The appointments include, according to the announcement:

  • Matthew Berns,an attorney at Hu-Friedy Manufacturing, a Chicago firm that makes dental equipment. Berns serves on the company’s 401(k) committee.
  • Michael D. Busby,former vice president of Watson Wyatt Worldwide, a global consulting firm specializing in employee benefits, technology solutions and financial services. Busby has extensive experience in the pension industry.
  • Livia M. Kiser,a senior litigation associate at Latham Watkins, LLP in Chicago. Kiser has extensive legal experience in consumer class action defense suits and securities litigation. Prior to attending law school, Kiser served on her local school board.
  • Sidney Marder,a professional engineer and former member of the Illinois Pollution Control Board. Marder served as the State of Illinois Director of Energy and executive director of the Illinois Regulatory Group, an affiliate of the State Chamber of Commerce that specialized in environmental matters.
  • Janice Reedus,vice president of administration and finance at Fenwick High School in Oak Park, Illinois. Reedus previously served as senior vice president of Bank of America.
  • Sonia Walwynserves as vice president of the Midwest region for Keane Organization, which provides compliance and risk management solutions to corporations, mutual funds, and financial institutions.

The law retains the Illinois State Superintendent of Education, ex-officio, to continue to serve as President of the TRS Board of Trustees.

The TRS provides retirement, disability and survivor benefits to public school personnel employed outside the city of Chicago. It serves 355,584 members and had assets of $26.4 billion as of February 28, 2009.