Investment, Illinois State Board of
Board and Commission Details
Contact Name
Dipesh Mehta
Contact Title
Deputy Executive Director
Function
The Board manages the investments of the State Employees’ Retirement System, General Assembly Retirement System, Judges Retirement System, and the Public Employees Deferred Compensation Plan.
Term
4 years, and until successor is appointed and qualified
Senate Confirmation
Yes
Qualifications
No member of the board shall have any interest in any brokerage fee, commission or other profit or gain arising out of any investment made by the board. This paragraph does not preclude ownership by any member of any minority interest in any common stock or any corporate obligation in which investment is made by the board.
Compensation
Expenses
Composition
9 trustees as follows: - 5 trustees appointed by the Governor - the State Treasurer - the State Comptroller - Chairman of the JRS - Chairman of the GAR
Chair
Elected by the Board biennially
Authority
40 ILCS 5/22A-109
Member Names
| Name | Member Expiration | Member Since | Affiliation | Appointed By | Position | Title | County |
|---|---|---|---|---|---|---|---|
| Tarnoff, Michael | 05/31/2025 | 03/29/2019 | Governor | Member | Lake | ||
| Martwick, Sen. Robert | Chair, General Assembly Retirement System Board of Trustees | Member | State Senator | Cook | |||
| Frerichs, Michael | Treasurer | Vice Chair | Illinois State Treasurer | Champaign | |||
| Mendoza, Susana | Comptroller | Member | Illinois State Comptroller | Cook | |||
| Seminara-Schostok, Justice Mary | Judges Retirement System Board of Trustees | Member | Appellate Court Justice | Lake | |||
| Sanders, Elizabeth | 05/31/2027 | 09/09/2019 | Governor | Member | Lake | ||
| Brewer, Matthew | 05/31/2026 | 07/28/2023 | Governor | Member | Cook | ||
| Vacant | 05/31/2025 | Governor | Member | ||||
| Healy, Terrence | 06/01/2024 | 08/31/2020 | Governor | Chair | Cook |