Pension Funds

National Electrical Annuity Plan names senior investment officer

Kevin McCormack was named senior investment officer of the $7.1 billion National Electrical Annuity Plan, Washington.

He is replacing John Good, who retired after 17 years with NEAP.

The plan is jointly governed by trustees appointed by the International Brotherhood of Electrical Workers and the National Electrical Contractors Association.

Mr. McCormack was director of the $25.4 billion National Railroad Retirement Trust in Washington for 10 years. Before that, he worked in pension management at BellSouth Corp. and The Southern Co., both in Atlanta.

In addition to the NEAP, Mr. McCormack will work with Monte Tarbox, National Electrical Benefit Fund executive director, on joint investment projects. The NEBF, Washington, has $13.7 billion in assets; the NEAP is the defined contribution plan for the electrical industry.

Ken Cooper, IBEW international secretary-treasurer and NEAP trustee, said in a statement that Mr. McCormack "has broad experience and the technical skills we need to take NEAP forward."