For Immediate Release
September 14, 2007
David Stella Appointed ETF Secretary
MADISON, (Wis.) – David A. Stella has been appointed Secretary
of the Department of Employee Trust Funds (ETF). Stella has been
Deputy Secretary of ETF since 2003. Before that, he was Executive
Director of the Denver Public Schools Retirement System from 2001
to 2003, and head of retirement services for ETF from 1986 to 2001.
Stella’s appointment was made today by the ETF Board of Trustees
after a national recruitment effort. The Board based its decision
upon recommendations from the Board’s Search and Screening
Committee and an in-depth interview with Stella. Marilyn Wigdahl,
Chair of the Board, said, “The Board was very pleased with
the extensive experience and outstanding reputation that Dave will
bring to the post.”
Wigdahl went on to point out that Stella is exceptionally qualified
for the position and his leadership and employee benefits experience
with ETF adds further stability to an already solid Wisconsin Retirement
System. “Dave has the full support of the Board and we know
he will continue to uphold the very high standards of integrity
and service set by his predecessors.”
Stella succeeds Eric Stanchfield, who resigned earlier this year
to take a position in Washington, D.C. Stella’s appointment
is effective immediately.
A native of Spooner, Wisconsin, Stella has over 30 years of public
service experience in the state. He holds a Bachelors and Masters
degree from the University of Wisconsin – Madison, and is
certified as a Retirement Administrator by the Institute for Retirement
Education. Stella has been active in national retirement associations,
including the National Association of State Retirement Administrators
(NASRA) and the National Council on Teacher Retirement (NCTR). He
currently serves as chairperson of NCTR’s Legislative Committee.
- The Wisconsin Retirement System (WRS) has over 540,000 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.