Begin Main Content Area
Media > PSERS > Details

Public School Employees' Retirement Board Re-elects Chairman and Vice Chairman

01/13/2022

For Immediate Release  

For More Information Contact:
Steve Esack
Press Secretary
Public School Employees' Retirement System
Phone: 717-720-4770
e-mail:  stesack@pa.gov

 

Public School Employees' Retirement Board Re-elects
Chairman and Vice Chairman
Chris Santa Maria re-elected Board Chairman and Rep. Frank Ryan re-elected Board Vice Chairman

HARRISBURG, PA – The Board of Trustees of the Public School Employees' Retirement System voted Thursday to re-elect Chris Santa Maria as Board Chairman, and Rep. Frank Ryan as Board Vice Chairman at the annual public organizational meeting held at PSERS headquarters.  Both positions have one-year terms.

Mr. Santa Maria has been a PSERS trustee since 2017 and serves as one of three active member representatives on the Board.  He is a history teacher in the Lower Merion School District in Montgomery County.  He was formerly president of the Lower Merion Education Association. Mr. Santa Maria holds a bachelor's degree in history from Washington College and a master's degree in education from Cabrini College.

Rep. Ryan, who is the House Republican Caucus' appointee to the Board, has been a PSERS trustee since 2019. He is an elected state representative, representing parts of Lebanon County. He is a certified public accountant and retired Marine Reserve colonel. He holds a bachelor's degree from Mt. St. Mary's College and a master's degree in business administration from the University of Maryland.

In other business, the Board voted to hire the firm Hudepohl and Associates, pending successful contract negotiations, to conduct a nationwide executive search for the vacant positions of Chief Investment Officer, Executive Director, and Chief Counsel. The firm also will conduct a salary study of those positions.

The Board also voted to hire the firm Reinhart Boerner Van Deuren to serve as PSERS securities class action consultant.

In other investment-related business, the Board approved the following investments:

  • $250 million in Keystone Partners L.P. ("Keystone") / International Infrastructure Finance Company III,
  • $100 million in Clearlake Capital Partners Fund VII, and
  • $100 million in LEM Multifamily Fund VI, L.P. 

More details on these investments can be found on PSERS website at: https://www.psers.pa.gov/About/Board/Resolutions/Pages/2022-Board-Meeting-Resolutions.aspx


About the Pennsylvania Public School Employees' Retirement System

PSERS, founded in 1917, began operations in 1919 to oversee a statewide defined benefit pension plan for public school employees. PSERS' role expanded upon the passage of Act 5 of 2017 to include oversight of two new benefit options consisting of defined benefit and defined contribution (DC) components and a stand-alone DC plan. As of June 30, 2021, PSERS had total net assets of $72.5 billion and a membership of about 248,000 active, 243,000 retired school employees and 27,000 vested inactive members.