The Washington State Investment Board was created in 1981 to “. . . exercise all the powers and
perform all duties prescribed by law with respect to the investment of public trust and retirement
funds.” The Board’s mandate is to establish investment policies and procedures designed to
maximize return at a prudent level of risk. Its mission is to invest with integrity, prudence and skill
to meet or exceed the financial objectives of those they serve.
Pursuant to state law (RCW 43.33A.160), the Board is funded from the earnings of the funds it
manages, proportional to the value of the assets of each fund, subject to a two-year appropriation
from the Legislature. The Board’s 2005-07 operating budget was approximately $16 million. At
the end of fiscal year 2006, the Board had approximately 63 employees stationed in Olympia.
The Board manages investments for 14 separate retirement funds for public employees,
teachers, school employees, law enforcement officers, firefighters and judges. They also
manage investments for 19 other public funds that support or benefit industrial insurance,
colleges and universities, developmental disabilities and wildlife protection. The total value of
assets under management is approximately $70.3 billion.
The Board has 15 members: 10 voting members and five non-voting members. Members of the
Board are fiduciaries whose mission is to manage investments for retirement and public trust
funds “with the highest standard of professional conduct for the exclusive benefit of fund
beneficiaries.” With the exception of the legislative and ex-officio members of the Board, Board
Members serve three-year terms. The Board has four committees to analyze investment issues:
This Committee is responsible for organizational, personnel, budget, legal and legislative issues,
as well as strategic asset allocation matters.
This Committee oversees audit activities and operations, and nominates candidates for the nonvoting
positions on the Board. This committee also develops and monitors the Code of Conduct
for the Board, reviews performance reporting requirements, and addresses corporate governance
policies and issues.
Private Markets Committee
This Committee is responsible for development of policy and structure for private market
investments (real estate, venture capital, leveraged buyouts, and so forth). It also reviews real
estate and private equity investments for recommendation to the Board.
Public Markets Committee
This Committee is responsible for the development of policy and structure for public market
investments (fixed income, domestic equity, international equity) and reviews individual equity
managers for recommendation to the Board.
The above information is from the State Auditors (Audit Report Search) webpage
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The Washington State Office of Financial Management publishes state/college, name/jobtitle/salary information every 2 years. This information is from: http://www.ofm.wa.gov/persdetail/
To paste names, job titles and salaries in an excel spreadsheet, click on "view" and then "source", copy everything between (pre) and (/pre).
Name Job Title Salary(monthly or hourly) ARCHIE, JAMES L OFFICE ASST 1915 BJORN, HEATHER ALEXA OFFICE ASST SR 2100 BLUE, CHRISTINA L ADM ASST 4 3549 BOSWORTH, THOMAS E INVEST OFFICER 7621 BROMLEY, KRISTI K ADM ASST 4 3549 BRUEBAKER, GARY DEP DIR INVESTMS 13608 BUCHANAN, LINDA R SEC ADMIN 2984 BUTLER, KATHRYN L ADM ASST 2 2712 CALKINS, NANCY G SEN INV OFFICER 10705 CHRISTOFFER, BRADLY INFO TECH S S 3 4322 CLARK, TAMERA L FINANCIAL ANAL 3 3916 COLEMAN JR, JACK D FINANCIAL ANAL 3 3916 DAY, TISH MF FORMS/RCDS ANAL1 2586 DEAR, JOSEPH A EXEC. DIRECTOR 13867 DONOVAN, MICHAEL A FINANCIAL ANAL 4 4115 DRAPER, STEVEN M SEN INV OFFICER 10893 DURIS, WILLIAM S INFO TEC APP S 4 4771 ECKSTEIN, TERESA L WMS BAND 2 4584 EDWARDS, THOMAS H INFO TECH S S 4 4771 FOWLER, ISABELLE I INVEST OFFICER 7247 FRENCH, MARIAN T FINANCIAL ANAL 3 3916 FULLER, JENNY C WMS BAND 1 4334 GIGSTEAD, VIKKI S FINANCIAL ANAL 2 3376 GREEN, SAMUEL R INVEST OFFICER 7247 HANNA, JEFFERY BOARD MEMBER 50 HARRISON, LISA M ASST INVEST OFF 3651 HAUN, NELLY M FINANCIAL ANAL 3 3916 HOLT, GARY R INVEST OFFICER 7247 HYDE, ELIZABETH R SECRETARY SR 2413 JIRASETPATANA, NUJNA INVEST OFFICER 6875 KAMINSKI JR, CHARLES BOARD MEMBER 50 KENNETT, WILLIAM P SEN INV OFFICER 11026 KRUZEL, JANET INVEST OFFICER 6891 LEE, JAMES R EMS BAND 3 6399 LESTER, LINDA INVEST OFFICER 6705 MACHADO, SANDRA J WMS BAND 2 5691 MAGNUSON, JOHN W BOARD MEMBER 50 MARKOFF, ALICIA M INVEST OFFICER 6555 MASTEN, GEORGE D BOARD MEMBER 50 MENDIZABAL, ELIZABET EMS BAND 2 6066 NAKAHARA, ROBERT S BOARD MEMBER 50 ONG, DONNA MAY TAN INVEST OFFICER 7621 RICHARDS, SUE ANN OFFICE ASST SR 2468 RIPPLE, RALPH INVEST OFFICER 7137 RUGGELS, THOMAS E SEN INV OFFICER 10705 RUNNALLS, PAUL WF INVEST OFFICER 6042 SCHMIDT, KAE A FINANCIAL ANAL 2 3376 SCHOENTHAL, BARBARA FINANCIAL ANAL 3 3916 SCOTT, DAVID L Not Provided 50 SEELY, JEFF BOARD MEMBER 50 SHERIDAN, PATRICIA J OFFICE MANAGER 3291 SHRADER, BRIAN K FISCAL TECH 2468 THATCHER JR, DAVID WMS BAND 2 5224 TOSTESON ROSEN, MARI INVEST OFFICER 7759 UHLMEYER, GERALDINE ADM ASST 1 2413 VANDEHEY, BETH WMS BAND 2 4021 VERSCHOOR, STEVEN C EMS BAND 3 7066 VIDALLON, ERWIN B WMS BAND 3 6615 WALTERS, KRISTI L CONF. SECRETARY 4667 WHITMARSH, THERESA J EMS BAND 5 8575 WILL, DIANA SEN INV OFFICER 8709 YU, JUDY INVEST OFFICER 7137By clicking on the rainbow colored square icon, you can see information about the people who look at these webpages. These statistics report meters are free to anybody.
Clicking on the above picture will take you to a page about the webmaster.
In Nov 2002, the Wa St Court of Appeals, ruled that government employees names cannot be kept secret.
These webpages were uploaded for my amusement, but also for these reasons.