Submitted by Pat Cote on October 11, 2017
We are pleased to announce that Kate Hennessy has been appointed as a Trustee to the Illinois State Board of Investment (ISBI or Board). ISBI has fiduciary responsibility for managing the pension assets of the General Assembly, the Judges' Retirement System of Illinois and the State Employees' Retirement System of Illinois. As a trustee, Kate along with fellow trustees, manage a defined benefit plan and a defined contribution plan with combined assets of $21.6 billion as of June 30, 2017.
Kate was appointed to the Board on June 2nd and her appointment is pending a Senate confirmation hearing. Kate's term as Trustee will expire in June 2021.