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PRESS RELEASE

For Immediate Release
Contact: Candy Smith
573-632-6130

Owens Elected as Chairwoman of the MOSERS Board

[Posted on 01/23/2017 at 4:02 PM]

Shannon OwensJefferson City, MO - Shannon Joyce Owens was elected as chairwoman of the Board of Trustees of the Missouri State Employees’ Retirement System (MOSERS) in Jefferson City during its regular meeting on January 19, 2017. Her term as chairwoman began immediately upon election.

Ms. Owens is serving in her first term on the MOSERS Board and is an elected representative of state employees. She joined the board in January, 2015.

MOSERS is a public employee retirement system managing approximately $8.2 billion in assets. The system administers retirement (defined benefit and deferred compensation plans), life insurance, and long-term disability benefits for approximately 116,000 present and former state employees and their beneficiaries.

The MOSERS Board of Trustees, chaired by Ms. Owens, has responsibility for oversight of the management of system assets as well as administration of the system’s benefit programs. The day-to-day management of MOSERS is delegated to the executive director who is hired by the board.

During her time on the Board, Ms. Owens has led strategic planning efforts, advocated implementation of the ILPA reporting template to bring more transparency to private equity management fees, served on the hiring committees for both the executive director and board asset consultant, and worked closely with MOSERS investment staff, the asset consultant and board members in determining the most recent pension fund asset allocation.

Ms. Owens has been a state employee for more than 15 years and currently serves as IT Policy Director for the Department of Natural Resources. In this role she provides direction for planning, development and administration of information management and technology. She led statewide eFiling implementation for the Office of the State Courts Administrator which allows attorneys to file cases electronically. She has also worked for the Office of Administration.

Ms. Owens graduated from Marquette University, Milwaukee, Wisconsin with a degree in business administration and received her masters in business administration from William Woods University. She resides in Jefferson City with her husband, Joe, and two children, Valyn and Leo.

The board also acted to elect Crystal Wessing as vice chair, effective immediately. Ms. Wessing also serves on the MOSERS board as an elected active state employee. She currently serves as the Director of Financial & Administrative Services for the Office of Administration’s Information Technology Services Division. She has more than 16 years of service with the state having previously worked at the Departments of Labor and Industrial Relations, Natural Resources, and Health.

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MOSERS
Missouri State Employees' Retirement System
Address: 907 Wildwood Dr., Jefferson City, MO 65102
https://www.mosers.org/images/mosers-logo-bg-375-280.jpg Phone: 800.827.1063 URL: Email: mosers@mosers.org Founded On: September 1, 1957