James Ward, executive director of the $6.1 billion Public School Teachers' Pension and Retirement Fund of Chicago, will not be offered a new contract, said Mary Sharon-Reilly, president of the board of trustees. Mr. Ward's contract expires Aug. 31, 1997.
Ms. Sharon-Reilly declined to say why the board would not renew Mr. Ward's contract. Mr. Ward also said he had no comment.
Assistant Executive Director Mike Nehf will succeed Mr. Ward in September 1997, she said.