Illinois State Universities Retirement System, Champaign, reopened its search for an executive director and reauthorized the hiring of EFL Associates to recruit candidates for the position, said CIO Daniel L. Allen. The system has an $11.6 billion defined benefit fund and $568 million 401(a) defined contribution fund.
The system hasn’t set a time frame for seeking candidates, whose qualifications should include a senior management position in a public pension fund and an advanced degree.
Trustees expect to fill the position by the end of the year, Mr. Allen said.
Dan M. Slack left as executive director in December to become CEO of the $3.8 billion Colorado Fire and Police Pension Association, Greenwood Village.
SURS trustees suspended the search in April, pending the appointment of a newly constituted board July 1 by Gov. Patrick Quinn, who replaced Rod R. Blagojevich after Mr. Blagojevich was impeached and removed from office earlier this year.
The system expects to post the reopened search on its website, http://www.surs.org, later this month, Mr. Allen said.