Other than the requirements listed above under ‘Composition of the Boards,’ there are no requirements for who may serve as a retirement system Board of Trustees member. Historically, the Boards have been comprised of a broad range of people, with diverse experience and backgrounds.
Also, in support of the One Fairfax initiative, the Board of Supervisors states that “It is the commitment to promote fairness and justice in the formation of public policy that results in all residents – regardless of age, race, color, sex, sexual orientation, gender identity, religion, national origin, marital status, disability, socio-economic status or neighborhood of residence or other characteristics – having opportunity to fully participate in the region’s economic vitality, contribute to its readiness for the future, and connect to its assets and resources.”
There is no requirement that Board members have expertise in pensions, investments, or related fields. Active and retiree members, for instance, simply must be members of the system and elected by their peers. For citizens appointed by the Board of Supervisors, however, individuals with backgrounds in investments, financial management, or business make ideal Board members.
