Robert P. Schultze, director of the $59.7 billion Virginia Retirement System, Richmond, was named to the Governmental Accounting Standards Advisory Council, according to a statement Monday from the Financial Accounting Foundation.
Mr. Schultze, whose two-year term begins Jan. 1, replaces Pat Robertson, executive director of the $22 billion Mississippi Public Employees' Retirement System, Jackson, whose two-year term expires Dec. 31, said Christine L. Klimek, FAF senior manager, media relations and executive communications. The National Association of State Retirement Administrators nominates the candidate for that board seat, Ms. Klimek said.
GASAC, which has 31 members, advises the Governmental Accounting Standards Boards “on technical issues, project priorities and other issues that affect the financial reporting for state and local governments.”
Mr. Schultze was appointed by the FAF, which oversees the GASB.