Department of Employee Trust Funds
December 20, 2010
Stella and Bozarth Featured Guests on "Newsmakers"
Department of Employee Trust Funds (ETF) Secretary Dave Stella and
Keith Bozarth, executive director of the State of Wisconsin Investment
Board (SWIB), were featured guests in a recent episode of "Newsmakers,"
a production of Wisconsin Eye.
Following a question-and-answer-style format, host Steve Walters
interviewed Stella and Bozarth on a variety of key topics relevant
to the Wisconsin Retirement System (WRS), including:
- How the two agencies, with separate and distinct duties and
responsibilities, work together to provide benefits to more than
560,000 WRS members.
- Challenges faced by each agency over the past three years,
including the effects of 2008’s historic market meltdown
and the ripple effect it has had on WRS members and employers.
- How the system’s funding discipline, “risk-sharing”
design, and cost-effective benefit administration and asset management
work together to create a fully-funded public pension benefit
- Future challenges that lie ahead for each agency, including
investment staff recruitment and retention, reducing volatility
in investments, and, for ETF, implementing and communicating changes
in public policy.
Click here to view: Newsmakers:
Public Employee Pension System.