Secure Choice Savings Board
Board and Commission Details
Office of Illinois State Treasurer
The Board shall: (a) Cause the Program to be designed, established and operated in a manner that: (1) accords with best practices for retirement savings vehicles; (2) maximizes participation, savings, and sound investment practices; (3) maximizes simplicity, including ease of administration for participating employers and enrollees; (4) provides an efficient product to enrollees by pooling investment funds; (5) ensures the portability of benefits; and (6) provides for the deaccumulation of enrollee assets in a manner that maximizes financial security in retirement.
The initial appointments for the Governor's appointees shall be as follows: one public representative for 4 years; one public representative for 2 years; the representative of participating employers for 3 years; and the representative of enrollees for 1 year. Thereafter, all of the Governor's appointees shall be for terms of 4 years.
The Board shall consist of the following 7 members: (1) the State Treasurer, or his or her designee, who shall serve as chair; (2) the State Comptroller, or his or her designee; (3) the Director of the Governor's Office of Management and Budget, or his or her designee;(4) two public representatives with expertise in retirement savings plan administration or investment, or both, appointed by the Governor; (5) a representative of participating employers, appointed by the Governor; and (6) a representative of enrollees, appointed by the Governor.
State Treasurer or Designee
820 ILCS 80
|Name||Member Expiration||Member Since||Affiliation||Appointed By||Position||Title||County|
|Mayall, Staci Lynn||06/22/2027||03/14/2022||Governor||Member, Public|
|Avitia, Erica Marquez||06/22/2025||06/13/2022||Governor||Member, Public||Cook|
|Frerichs, Michael||Statute||Chair||State Treasurer|
|Bashir, Roderick||06/30/2024||04/12/2022||Governor||Member, Enrollees||Cook|
|Mendoza, Susana||Statute||Member||Illinois Comptroller|
|Pai, Lotika||06/22/2025||06/13/2022||Governor||Member, Employers|