US - The US$43bn Virginia Retirement System (VRS) board of trustees has appointed Robert P. Schultze as its new director, effective May 2.
Schultze succeeds W. Forrest Matthews, who retired last week.
Schultze serves currently as executive commissioner with the Virginia Department of Taxation where he oversees operations, including audit and delinquent collections, customer service and return processing.
As director, he will oversee the administration functions of the retirement system, which covers 798 employers, 119,000 retirees and 321,000 active members.
“We welcome the wealth of experience Bob brings to VRS,” said Paul W. Timmreck, board chair. “His leadership style and energy will assist the agency in its efforts to move forward to meet the growing needs of the members and retirees it serves.”
Schultze’s experience includes service with the executive and legislative branches of Virginia government, including as staff director to the House Appropriations committee.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.