State of Michigan Investment Board

The state pension plan governance structure was changed from a sole fiduciary model to a board model. This shifted fund investment responsibilities from the state treasurer to the new State of Michigan Investment Board, created within the Michigan Department of Treasury. The board is comprised of the state treasurer, who will serve as the board’s chairperson, the state budget director, and three individuals appointed by the governor to serve four-year terms.
 
 
Statute
 
 
Members
 
Dina Richard, Northville
Term Expires 11/26/2020
 
James Nicholson, Detroit
Term Expires 11/26/2021
 
Reginald Sanders, Portage
Term Expires 11/26/2022
 
Rachel Eubanks - Chair
State Treasurer
 
Chris Kolb
State Budget Director