Arizona PSPRS board name Kevin Olineck system administrator

The seven-member Public Safety Personnel Retirement System Board of Trustees reached an agreement for a new system administrator after a months-long selection process that produced more than 70 candidates, according to a press release.

Kevin Olineck

Kevin Olineck

Kevin Olineck, of Victoria, British Columbia, accepted an offer to serve as the administrator for PSPRS, Arizona’s public safety pension system that serves roughly 50,000 retirees and active members and holds more than $8 billion in assets, the release states.

Mr. Olineck was one of four finalists for the position recommended to the PSPRS Board of Trustees by a selection committee and he was supported unanimously by board members.

“I was pleased with the number of résumés submitted and the quality of the individuals who sought this position,” said Trustee Lauren Kingry, the selection committee chairman who also serves as the superintendent for the Arizona Department of Financial Institutions.

“The final selection process was difficult, but Mr. Olineck has the experience, qualifications and credentials needed to benefit the System and staff through excellent leadership.”

Mr. Olineck, who serves as vice president of Member Experience for British Columbia Pension Corp., said he looks forward to assuming the role of system administrator for PSPRS.

“I’m excited about leading the staff of PSPRS and supporting the Board of Trustees in setting the future direction of the System,” he said. “I believe it’s important that the members of PSPRS see that those operating the System are committed to seeking its long-term sustainability for all affected stakeholders.”

In his current position, Mr. Olineck is responsible for providing services to five public sector pension plans that have more than 500,000 members and 1,000 employers, according to the release.

Cumulatively, the plans have more than $80 billion in assets under management with three of these plans in the top 10 pension plans in Canada as rated by assets under management, the release states.

Mr. Olineck has been involved in administering both private and public sector pension plans for 25 years. He is expected to assume his role as PSPRS system administrator in October, as he must apply for foreign worker status (H1B Visa) with the United States Citizenship and Immigration Services (USCIS).

The PSPRS agreement with Mr. Olineck is contingent upon his receiving H1B Visa approval from USCIS, the release states.

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