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Governor makes new pension board picks
By John Patterson | Daily Herald Staff
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Published: 6/4/2009 12:01 AM

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SPRINGFIELD - Several suburban residents are among the people Gov. Pat Quinn named to the boards overseeing the Teachers' Retirement System and State Board of Investment.

A recent law approved by lawmakers and signed by Quinn removed all existing pension trustees and created new qualifications to serve in the wake of pension business kickback scandals under former Gov. Rod Blagojevich's watch.

The teachers pension board oversees pensions and benefits for teachers and their beneficiaries. The investment board manages investments for the state's pension systems.

Joining the Teachers Retirement System board are:

• Matthew Berns of Highland Park. Berns has worked at Hu-Friedy Manufacturing for the past three years and serves on their 401(k) committee.

• Michael D. Busby of Kenilworth. Busby served for 18 years as the vice president of Watson Wyatt Worldwide, a global human resource pension consulting firm. He has more than 35 years experience with the pension industry, including plan design, funding, investment and administration.

• Livia Kiser of Downers Grove. Kiser, a trial attorney at Latham Watkins, LLP, has represented companies in administrative and regulatory proceedings, while also providing pro bono work in the areas of education and prisoner's rights. Kiser has also served on her local school board.

• Janice Reedus of Indian Head Park. Reedus is the vice president of administration and finance at Fenwick High School and previously served as the senior vice president of Bank of America.

• Sonia Walwyn of Naperville. Walwyn is the vice president of the Midwest region for Keane Organization, Inc., and previously served as deputy general counsel for Pennsylvania's Treasury Department.

Also named to the teachers pension board was Sidney Marder of Springfield.

The new members of the Board of Investment include:

• Fred Montgomery of Lake Forest. Montgomery is the director of state and local tax for the Sara Lee Corp. Previously he served as an assistant Illinois attorney general and attorney at the Illinois Department of Revenue. Montgomery serves on the board of trustees of the Illinois State Chamber of Commerce, the Taxpayer's Federation of Illinois and the Civic Federation of Chicago.

• Ronald Powell of Mundelein. Powell is being reappointed to the board. He is the United Food and Commercial Workers Union Local 881 president and international vice president.

Other appointees are Chicagoans John Casey, Michele Bush, Heather Parish.