Email PERS Board.
The Oregon Legislature has delegated authority to the Public Employees Retirement System (PERS) Board of Trustees to administer the PERS system. The board is composed of five trustees who administer retirement (service and disability), death, and retiree health insurance benefits. PERS also administers the Oregon Savings Growth Plan, a deferred compensation program for state and local government employees.
Director and Consultants
The board retains consultants and appoints an executive director. The director serves at the discretion of the board and is responsible for the PERS administrative staff. Consultants include legal counsel, a medical advisor, an actuary, and insurance consultant.
PERS Board Members
As trustee of the Public Employees Retirement Fund, the PERS Board has a responsibility to manage and administer the system as set forth by law. The board also monitors the plan for compliance with federal laws.
Statute specifies board membership must consist of three people with experience in business management, pension management, or investing who are not members of the PERS system; one person who is either an employee of the state in a management position or a person who holds an elective office in the governing body of a participating public employer other than the state; and one person representing public employees and retirees.
The three board members representing business management, pension management, or investing are Stephen Buckley, Jardon Jaramillo, and Sadhana Shenoy (Board Chair). John Scanlan was appointed to represent public employees and retirees; Lawrence Furnstahl (Vice-Chair) was appointed to represent public employers. Terms for each member are staggered.
Sadhana Shenoy (Board Chair)
Sadhana Shenoy has spent the last five years in the Mobility-as-a-Service (MaaS) space. She was the CFO/COO of Moovel, a transit technology company, and has held this position as the company has grown from start-up, to acquisition, and into growth stages. She started her career as a software engineer working with databases and children's software. She then moved to the non-profit sector, working on Boards within the environmental (Sierra Club), educational (Montessori School of Beaverton), and legal (CRAG Law Center) areas. Ms. Shenoy is a Charter and Board member of TiE Oregon (The Indus Entrepreneurs) and of TYE Oregon (TiE Youth Entrepreneurs) and enjoys angel investing in exciting new ideas and promoting youth entrepreneurship.
Ms. Shenoy holds a Bachelor of Science degree in Accounting and Business Administration, a Master of Science degree in Computer Science, and is a Certified Public Accountant (CPA) in Oregon.
Ms. Shenoy's appointment by Gov. Kate Brown was confirmed by the Senate on September 24, 2018. Her current term ends September 30, 2021.
Lawrence J. Furnstahl
Lawrence J. Furnstahl has three decades of experience in the strategic, financial and operational management of complex organizations, including universities and academic health centers. Mr. Furnstahl has served as a chief financial officer for over 25 years. He is now the Executive Vice President and Chief Financial Officer of Oregon Health & Science University (OHSU). OHSU is a $2.3 billion public corporation with 2,500 faculty, 15,000 staff, 4,000 students and trainees. OHSU participates in $350 million of research and is the state’s only major academic health center. Prior to joining OHSU in January 2011, Mr. Furnstahl served as the Chief Financial and Strategy Officer with the University of Chicago Medical Center and Biological Sciences Division. Over the years, he has also served as the Vice President for Financial Planning for Science for University of Chicago; Senior Vice President and Chief Financial Officer for UCSF Stanford Health Care; Vice President and Chief Financial Officer for the University of Chicago; and Vice President and Treasurer of Patient Services for the University of Chicago Hospitals. Mr. Furnstahl is a member of the Visiting Committee to the Physical Sciences Division of the University of Chicago, and a board director and former Chair of the Hyde Park Art Center. He is a 1983 graduate of the College of the University of Chicago, in economics.
Mr. Furnstahl's appointment was confirmed by the Senate in May 2015. His current term ends December 12, 2021.
Jardon Jaramillo serves as Controller and Assistant Treasurer at Portland General Electric, communicating and managing financial results. He previously worked as Director of Compensation and Benefits from 2013 to 2016. As director, he was responsible for managing the company’s defined benefit pension plan, as well as overseeing health care programs for all of PGE’s employees. Before joining PGE, Mr. Jaramillo was a manager with Deloitte in the M&A Transactions Services consulting group. He spent his early career at Deloitte in the audit and assurance space. Mr. Jaramillo enjoys contributing to solutions to equity issues in the community and serves as Vice Chair of the board of Metropolitan Family Services.
Mr. Jaramillo received an MBA from the Anderson School at the University of California Los Angeles, a BA in economics from Northwest Nazarene University, and is a CPA licensed in Oregon.
Mr. Jaramillo's appointment by Gov. Kate Brown was confirmed by the Senate on September 16, 2019. His current term ends September 30, 2022.
Stephen Buckley was a partner at the Portland, Oregon law firm Brownstein Rask LLP prior to his retirement on June 30, 2019. For more than 30 years, Mr. Buckley served as legal counsel for Boards of Trustees of private sector health and welfare plans and defined benefit, defined contribution, and 401(k) pension plans in Washington, Oregon, and California. Mr. Buckley was a frequent speaker at employee benefit plan conferences sponsored by the International Foundation of Employee Benefit Plans. Mr. Buckley earned his Bachelor of Arts Degree in Political Science from Colorado State University and his Juris Doctorate Degree from Willamette University College of Law.
Mr. Buckley's appointment by Gov. Kate Brown was confirmed by the Senate in September 2015. His current term ends September 30, 2021.
John Scanlan has been a teacher for 29 years, currently teaching eighth grade at Sunridge Middle School in Pendleton. He has taught English language arts to students in grades 6 to 12 in three districts; has been an adjunct professor at Eastern Oregon University (EOU); co-directed the Oregon Writing Project at EOU; and coordinated the Pendleton School District Outdoor School, the longest continuously operating outdoor school program east of the Cascades. Mr. Scanlan also has served as president of the Oregon Council of Teachers of English, frequently presented at council conferences, and been published in the council’s peer-reviewed Oregon English Journal. He has been active in the Oregon Education Association, including serving as a local building representative, treasurer, negotiation team leader, president, and board member. He also currently serves on the board of the National Education Association.
Mr. Scanlan’s appointment by Gov. Kate Brown was confirmed by the Senate on May 13, 2021. His current term ends May 12, 2024.