For Immediate Release
June 8, 2007
Stanchfield Takes New Post
MADISON, (Wis.) – Department of Employee Trust Funds (ETF)
Secretary Eric Stanchfield has announced that he has accepted the
position of Executive Director of the District of Columbia Retirement
Board (DCRB) in Washington, D.C. He will assume his new duties later
this summer. Secretary Stanchfield is a native of Washington, D.C.
and still has family in that area. Stanchfield has served with ETF
since 1987, the last 15 years as Secretary.
Secretary Stanchfield said his decision to leave was a difficult
one given his long association with the Department, but he feels
comfortable that the agency is well positioned and the timing is
good. “I am proud to have served as Secretary and have appreciated
the support of our governing boards, our members, and our staff,
who have been like family to me for many years,” Stanchfield
said. “I’m confident that I’m leaving the administration
of the Wisconsin Retirement System in very capable hands.”
He went on to say that the opportunity with DCRB allows him to take
on new professional challenges and return to family and life-long
friends in Washington.
Marilyn Wigdahl, Chairperson of the Employee Trust Fund Board,
noted that Stanchfield has been a tremendous leader and careful
steward of the state’s pension fund. “We’ll miss
him terribly,” said Wigdahl. “He has put the retirement
system on solid ground. I’m confident it will continue to
be one of the most well-funded and respected systems in the country.
I wish him well in his new pursuits.”
The DCRB is a public pension agency with assets of approximately
$5 billion serving District of Columbia police officers, fire fighters,
and teachers. In his new role, Stanchfield will direct both the
investment of pension assets and the administration of pension benefits.
The Employee Trust Funds Board will determine how
and when a replacement will be selected.
Additional information on the Wisconsin Retirement System:
- The Wisconsin Retirement System (WRS) has over 530,000 members,
including current state and local government employees and retirees.
Over 1,400 units of government across Wisconsin participate in
- The WRS has over $83 billion in assets. The assets are invested
by the State of Wisconsin Investment Board for the benefit of
- The Department of Employee Trust Funds administers WRS pension
and other public employee benefits. In 2006, ETF paid out over
$3 billion in pension payments to retired members. Approximately
80% of those benefits were derived from investment returns.
- The WRS is the 9th largest public pension fund in the US and
the 24th largest in the world