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PRESS RELEASE

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

MOSERS Board Selects Executive Search Firm

[Posted on 01/25/2018 at 11:00 AM]

Jefferson City, MO – On December 1, the Missouri State Employees Retirement System (MOSERS) issued a request for proposals (RFP) for executive search firms to conduct a nationwide search to identify candidates for the position of executive director of MOSERS. On January 25, the MOSERS Board selected the executive search firm, Korn Ferry, to complete the search.

Korn Ferry is a leading executive search firm with over 45 years of executive level recruiting experience. They conduct more than 10,000 senior-level searches world-wide each year. Korn Ferry has developed a specialty in placing executives at public pension funds. Michael Kennedy will be the Senior Client Partner from Korn Ferry assigned to the MOSERS executive director search.

MOSERS is an instrumentality of the State of Missouri vested with the powers and duties specified in state law, providing retirement, long-term disability, and life insurance benefits to its members. As of January 2018, the MOSERS defined benefit plans serve nearly 114,000 members, including approximately 49,000 actives, more than 47,000 retirees/survivors, and 16,700 terminated-vested members. MOSERS is responsible for managing an $8.5 billion portfolio of investments held in trust for the payment of member benefits. MOSERS also administers two defined contribution plans including the State of Missouri Deferred Compensation Plan (MO Deferred Comp) for state employees and retirees and the College and University Retirement Plan (CURP) for higher education faculty employees. MO Deferred Comp has approximately 64,000 participants and $2.1 billion in assets. The CURP has approximately 3,000 members with $90 million in assets.

MOSERS is governed by an 11-member board of trustees. The executive director is appointed by and reports to the Board. For additional general information about MOSERS, please refer to the system’s website, www.mosers.org.

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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