CHARLESTON, W.Va – The West Virginia Teachers' Retirement System (TRS) was recently named the 2009 Plan Sponsor of the Year, by PLANSPONSOR magazine for leadership in providing a more secure retirement for workers.
According to the magazine, Plan Sponsor of the Year winners are distinguished for demonstrating strong investment performance, rigorous corporate governance and an enduring commitment to participant education. West Virginia’s TRS is this year’s Public Sector/State recipient of the award.
In addition to the West Virginia Teachers' Retirement System's recognition in the Public Sector/State category, the magazine honored Nationwide Mutual Insurance Company (Corporate Sector); WellSpan Health (Nonprofit); and the City of Los Angeles (Public Sector/Municipality or Local Government).
"With our partnership with the West Virginia Investment Board and our dedicated, hard-working staff, the Consolidated Public Retirement Board (CPRB) is pleased that our Teachers' Retirement System has been recognized for this distinct honor," said CPRB Executive Director Anne Lambright. "We always place our members and retirees first in every decision we make, which ensures that a positive and progressive path is followed in the management of all of our retirement systems."
The Plan Sponsor of the Year recipients will be recognized at PLANSPONSOR's annual Awards for Excellence dinner in New York on April 2, 2009, and will also be featured in the March issue of its magazine.
PLANSPONSOR magazine is the nation's leading authority on retirement issues and benefit programs. This publication provides comprehensive news and commerce services dedicated solely to helping employers and financial advisers navigate the complex world of retirement plans and benefit programs on behalf of their employees or clients.
About the Award
Previous recipients have included M. A. Mortenson Company; the YMCA Retirement Fund; the Missouri State Employees’ Retirement System; the State of Hawaii; Oregon Public Employees’ Retirement System; American Airlines; IBM; the United Methodist Church; Gary Amelio, Executive Director of the Federal Retirement Thrift Investment Board; David Bronner, Head of the Retirement Systems of Alabama; the FDNY Pension Fund; and General Motors Asset Management’s Allen Reed.