Three New Trustees Join KPERS Leadership for $14 Billion Trust

Three New Trustees Join KPERS Leadership •Ernie Claudel, Olathe, KS •Todd Hart, Olathe, KS •Suresh Ramamurthi, Topeka, KS

The Kansas Public Employees Retirement System recently swore in three new trustees to begin four-year terms at the helm of the organization’s $14 billion trust.

Ernie Claudel, a retired teacher, and Todd Hart, a deputy fire chief, were elected by KPERS’ members. The President of the Kansas Senate, Susan Wagle, appointed Suresh Ramamurthi.

Ernie Claudel Claudel is retired after 33 years as an elementary classroom teacher and building administrator, mostly in the Olathe School District. He is a registered Primerica Agent, holding both Series 6 and 63 securities licenses. He also serves as vice-chair of the Kansas Coalition of Public Retirees. He holds a bachelor’s and master’s degree from Fort Hays State University with graduate hours from the University of Kansas. He is an honorably discharged U.S. Army veteran.

Todd Hart Hart is deputy fire chief for the City of Olathe. He started his fire service career in 1986 and is now beginning his 28th year of service. As a deputy chief, he is tasked with budgetary, human resources and operational responsibilities. He has completed the National Fire Academy Executive Officer program. Hart earned a bachelor’s degree from MidAmerica Nazarene University and a master’s degree from Webster University.

Suresh Ramamurthi Ramamurthi is chairman for CBW Bank. He holds an MBA in Finance and Entrepreneurship from the University of Chicago.

Ramamurthi fills the position previously held by appointee Lon Pishny, of Garden City. Claudel and Hart replace previously elected trustees Ron Hagen, Hutchison, and Gary Price, Olathe. The new board members are three of nine trustees.

KPERS’ Board is responsible for trust fund investment oversight, adopting actuarial assumptions, and hiring and monitoring the executive director and outside service providers, including investment managers and consultants. KPERS provides retirement, disability and death benefits for Kansas’s state, school and local public employees. The Retirement System has 286,000 members and manages approximately $14 billion in assets. The System also oversees Tandem, the state’s voluntary 457(b) deferred compensation savings plan.

NOTE: photos available for all three trustees

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