"Our objective is to ensure the retirement savings program provided by the university helps participants build and maintain a financially secure retirement."
Purpose: The CMU Retirement Investment Committee is an advisory committee that reviews investment issues specific to the 403(b) basic retirement plan and tax-deferred 403(b) and 457(b) retirement plans offered by CMU, is supported by CMU Human Resources, and makes recommendations to the Vice President of Finance and Administrative Services (FAS). The committee's recommendations are non-binding, and the committee has no authority to make any changes on its own. The vice president of FAS decides to accept or decline the committee's recommendations, and is the Named Fiduciary to the CMU retirement plans.
The following individuals are serving on the committee:
Dr. Ray Christie, Sr. Vice Provost - Academic Administration
Dr. James Felton, Professor - Finance and Law
Lori Hella, Associate Vice President of Human Resources –
Mary Hill, Associate Vice President of FInancial Services and Reporting and Controller
Patty Tatham, Director of Benefits & Wellness
Appointed by: President Ross
The university also engages an external retirement plan investment advisor, SHA Retirement Group, to work with the committee.
CMU Investment Policy Statement - Updated Jan. 1, 2020
2018 Retirement Enhancements