Sitnews - Stories In The News - Ketchikan, Alaska - Opinions


Governor Appoints Ketchikan Resident Marty Pihl
to Pension Investment Board


September 30, 2003
Tuesday - 12:05 am

Alaska Governor Frank Murkowski has appointed Martin (Marty) Pihl to a four-year term on the Pension Investment Board, which oversees approximately $17 billion in investments of the state's pension funds, such as the Public Employees Retirement System (PERS) and the Teachers Retirement System (TRS).

"The responsibility of a trustee of the Pension Investment Board is tremendous because of the critical importance of managing the assets of the fund to protect the pensions of our retired public employees," Murkowski said. "There are more than 150 public employees retiring every month. Contributions come into the funds and payouts are charged to them, so they are constantly in flux.

"Thus, it is a pleasure to announce the appointment of Martin Pihl to the Pension Investment Board. Marty is a long-time Ketchikan resident, who, over a period of 32 years, rose through the ranks to become president and general manager of the Ketchikan Pulp Mill. He knows business, investment, and accounting, and will provide excellent guidance for the state's pension funds."

Pihl, 68, has been an Alaska resident since 1962, when he joined Ketchikan Pulp. He has a bachelors degree in accounting from the University of Washington and has been a certified public accountant since 1958. Pihl served as executive director of the Permanent Fund in 1994-95. He has served as a director of National Bank of Alaska and on Wells Fargo Bank's Alaska Statewide Advisory Board. He also served as chairman of the Board of Governors of the Alaska Timber Insurance Exchange. Pihl served as a regent for Pacific Lutheran University from 1976-82 and from 1997 to present.


Source of News Release:

Office of the Governor
Web Site


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