In 2013 the Treasury Department created the Office of State and Local Finance to, among other things, provide analysis and policy on public pensions and other postemployment benefits. The unit’s director, Kent Hiteshew, who was also given the job of developing municipal markets and infrastructure finance, and investigating state and local budget practices and fiscal conditions, tapped A. Melissa Moye, 52, to tackle pension policy. Moye joined the office in April 2014 after a four-year stint as chief investment officer of the $45 billion Maryland State Retirement and Pension System. “The energy level is high,” says Moye, pointing out that more than 25 million Americans depend on public pensions. The office will be “quite entrepreneurial.” Her first order of business is to gather data on the health of public pensions from across the 50 states. Before her term as CIO, Moye worked as an adviser to Maryland State Treasurer Nancy Kopp on financial policy issues and also served as a retirement system trustee and an investment committee member. “One of the key lessons for me was that pensions must be consistently funded,” she says. Earlier, Moye, who holds a Ph.D. in economics from the University of Notre Dame, worked as chief economist in trust and investment services and director of investments at Amalgamated Bank.
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| Bruce Rauner Illinois |
John and Laura Arnold Laura and John Arnold Foundation |
Randi Weingarten American Federation of Teachers |
Rahm Emanuel Chicago |
David Boies Boies, Schiller & Flexner |
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| Randy DeFrehn National Coordinating Committee for Multiemployer Plans |
Damon Silvers AFL-CIO |
Laurence Fink BlackRock |
Chris Christie New Jersey |
Robin Diamonte United Technologies Corp. |
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| Ted Eliopoulos California Public Employees’ Retirement System |
John Kline Minnesota |
J. Mark Iwry U.S. Treasury Department |
Gina Raimondo Rhode Island |
Phyllis Borzi U.S. Labor Department |
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| Orrin Hatch Utah |
Abigail Johnson Fidelity Investments |
Ted Wheeler Oregon |
Caitlin Long Morgan Stanley |
James Hoffa International Brotherhood of Teamsters |
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| Amy Kessler Prudential Financial |
Alejandro García Padilla Puerto Rico |
Christopher Klein U.S. Bankruptcy Court for the Eastern District of Caifornia |
Steven Rhodes Bankruptcy Court for the Eastern District of Michigan |
Kevin de León California |
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| David Draine Pew Charitable Trusts |
Jordan Marks National Public Pension Coalition |
Sam Liccardo California |
Joshua Rauh Stanford Graduate School of Business |
Karen Ferguson and Karen Friedman Pension Rights Center |
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| Timothy Blake Moody’s Investors Service |
Kathleen Kennedy Townsend Center for Retirement Initiatives, Georgetown University |
Edward (Ted) Siedle Benchmark Financial Services |
Daniel Loeb Third Point |
Judy Mares Employee Benefits Security Administration, U.S. Labor Department |
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| Andrew Biggs American Enterprise Institute |
Andy Stern Columbia University |
Kenneth Mehlman KKR & Co. |
Teresa Ghilarducci New School for Social Research |
A. Melissa Moye U.S. Treasury Department |