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The following is from the Wyoming Retirement Update Spring/Summer 2009 newsletter:

"Review Brings Changes

Independent Fiduciary Services (IFS) of Washington, DC, did a limited scope operational review of WRS in October 2008.
The WRS Director and Board thoroughly participated in the review and are now working to implement recommendations from the report. For example, the report highlighted WRS' budget and staff resources are significantly below comparable-sized peers.

IFS recently completed an assignment as independent fiduciary and investment manager for a portion of  The Dow Chemical Company Employees'  Savings Plan.  <

In early June, Samuel W. Halpern (President, IFS) addressed attendees at the World Bank’s Symposium on Public Pension Governance and Investment Conference in Indonesia.  In attendance were senior representatives of 50 different institutional investor and regulatory authorities (all concerning public and private pension funds) from countries all around the world.  Mr.

Demand for independent fiduciaries to oversee employer stock held by retirement plans is increasing as the recession builds steam.  Read the complete article in Pensions & Investments May 4, 2009 edition...