to Pension Investment Board
September 30, 2003
"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.
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