For Immediate Release
October 30, 2002
Contact: Pam Henning, (608) 267-2929
ETF Deputy Secretary Named President of National
Council on Teacher Retirement
MADISON -- The Department of Employee Trust Funds announced today
the election of Deputy Secretary David Mills to President of the
National Council on Teacher Retirement (NCTR). Mills, who as Deputy
Secretary will continue to serve the 506,000 members of the Wisconsin
Retirement System (WRS), moves into the position after five years
on the national organization's Executive Committee, where he
previously held posts as President-elect and Secretary/Treasurer.
He was named NCTR President at the group's recently held annual
Headquartered in Sacramento, California, the NCTR is an 80-year-old
independent organization that works to safeguard the integrity of
U.S. public teacher retirement systems and promote the rights and
benefits of its members. NCTR's active membership covers 67
state, territorial, local, and university pension systems and seven
associate member retirement systems. These systems serve over 13
million active and retired teachers, non-teaching personnel, and
other public employees and have combined trust fund assets of over
$1.3 trillion. Delegates voting at the annual conference included
the 300 trustees and administrators of the member teacher retirement
In addition to providing guidance in the development and management
of financially sound and equitable retirement plans for public employees,
the organization's mission is to:
- Foster progressive leadership and sound program management
among plan directors, administrators, and trustees and
act as a catalyst in dealing with federal legislative and regulatory
issues that impact plan administration.
- Provide a national forum for the discussion
and resolution of public policy issues affecting public pension
- Encourage the development of standards of conduct
for plan fiduciaries that assure control and management of plan
assets for the exclusive benefit of members and beneficiaries.
- Encourage NCTR member systems to develop a statement
of investment objectives and policies designed to protect
plan assets and to achieve the best possible investment yields,
consistent with the standards of prudence imposed upon funding
Mills is the organization's first president from Wisconsin.
He was named Deputy Secretary of the Department of Employee Trust
Funds (ETF) in 1992, after serving five years as a division administrator.
He previously held budget and policy administrative posts in the
Wisconsin Department of Health and Family Services.