Church group hires pension chief

From New York-

Fred Beaver was named senior vice president of pension services at Church Pension Group, New York, confirmed Nancy Fisher, a Church Pension Group spokeswoman.

Mr. Beaver will be in charge of daily operations of defined benefit and defined contribution plans of the group. One unit of the group is the Church Pension Fund, which administers pension plans for Episcopal Church clergy and lay employees. The Church Pension Fund had $8.3 billion in assets as of Dec. 31, Ms. Fisher said in an e-mail response to questions.

Ms. Fisher said Mr. Beaver took over for another Church Pension Group executive who remains with the company in a different role. She didn't provide details.

Mr. Beaver had been director of the division of pensions and benefits for the New Jersey Treasury Department, Trenton, said Anne F. Keating, managing director and senior partner at Korn/Ferry International, which handled the search, in an e-mail response to questions.

Andrew Pratt, a spokesman for the department, said the department is reviewing applications to fill Mr. Beaver's position, but there is no timetable for a selection; Florence Sheppard is the acting director.

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http://www.pionline.com/article/20100517/DAILYREG/100519873