SDCERS Welcomes New Board Trustees

Date: Apr 15, 2013

 

The San Diego City Employees’ Retirement System (SDCERS) today announced the election of James Steel and Jeffrey Wallace, and the re-election of Alan Arrollado, to the SDCERS Board of Administration. Steel, Wallace and Arrollado have been elected to serve four-year terms ending March 31, 2017.

“We are pleased to welcome our newest Trustees to the Board of Administration,” stated SDCERS CEO, Mark Hovey. “I am confident they will become vital contributors to the leadership of SDCERS. Additionally, Alan Arrollado has been a valued member of our Board these past four years and we’re fortunate he’s been re-elected for a second term.” 

Steel is a fleet technician for the City of San Diego’s Public Works Department, responsible for maintaining the city’s vehicle fleet which ranges from light duty vehicles to heavy trucks and industrial equipment. He attends San Diego State University where he is earning his Bachelors in Science of Business Management. Steel has been with the city for four and a half years and has been elected by his peers to occupy one of two active General Member seats on the Board.

Wallace is an associate management analyst for the city’s Real Estate Assets Department where he is a financial analyst in the corporate services division. Before taking on his current position, Wallace worked in the city’s Debt Management Department where he was responsible for administering bond funds. He has a bachelor degree in economics from San Diego State University and has been a city employee since 2007. Wallace will serve as the second of two active General Members elected to the Board.

Steel and Wallace were sworn in Friday, April 12, 2013 and are replacing trustees Steve Meyer and Patrick Lane, whose terms ended March 31, 2013.

Arrollado, a native San Diegan and Fire Captain for the San Diego Fire-Rescue Department, was re-elected by his peers to represent City of San Diego Fire Safety Members. A firefighter with more than 24 years of experience, Arrollado is a member of the Urban Search and Rescue Task Force. He has deployed to assist in major disaster relief efforts, including Hurricane Katrina. This will be Arrollado’s second term on the SDCERS’ Board of Administration.
SDCERS administers defined benefit plans for the City of San Diego, the San Diego Unified Port District, and the San Diego Regional Airport Authority and provides service retirement, disability retirement, death and survivor benefits to more than 20,000 members. As of March 31, 2013, SDCERS has $5.8 billion in net investments.

The SDCERS Board of Administration meets nine times a year, approximately every six weeks, on Fridays at 8:30 a.m. For more information about SDCERS’ Board of Administration, its members and a meeting schedule visit the SDCERS website at www.SDCERS.org.
 




Document Under Categories: Board, Press Release

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