The Oregon Investment Council oversees the investment and allocation of all State of Oregon trust funds, including the Oregon Public Employees Retirement Fund, the Common School Fund, and the State Accident Insurance Fund.
Council members are fiduciaries. Four members are appointed by the governor, and two are ex officio members: The State Treasurer and the director of the separate agency that administers the Public Employees Retirement System.
The Council meets eight times annually. Meetings are open to the public, and public comment can be submitted to
Investment and Management Beliefs
Statement of Funds Governance
Statement of Investment Objectives and Policy Framework
Upcoming OIC Meetings Calendar with Agendas
OIC Meeting Announcements, Minutes and Audio
Cara Samples, Chair|
Fulcrum Wealth Management Group
Cara Samples is the chief financial officer at Fulcrum Wealth Management Group. Prior to that, she was a partner at Nierenberg Investment Management. Ms. Samples has a BA in economics from Yale University.
Ms. Samples was appointed by Governor Kate Brown on January 13 and confirmed by the Oregon Senate on February 6, 2020. Her current term expires January 22, 2026.
|Russell Development Company, Inc.|
John Russell founded Russell Development Company in 1979, where he presently serves as President. The company's downtown projects include 200 Market Street and Pacwest Center. The former project is known as one of the city's more sustainably built structures. Russell is a former member of the Oregon Transportation Commission, former chair of the Portland Development Commission, former vice president of the Portland City Planning Commission and former member of Portland Historic Landmark Commission. Mr. Russell holds BS degrees in Naval Architecture and Marine Engineering from Webb Institute of Naval Architecture, and an MBA from Harvard Business School.
Mr. Russell’s appointment by Gov. Kate Brown was confirmed by the Senate on April 1, 2015. His current term ends in March 2023.
Lorraine Arvin provides consulting services to nonprofit organizations through Arvin Resources LLC. Arvin’s prior positions include Vice President and Treasurer at Reed College, Associate Vice President of Finance and Administration and Treasurer of the University of Chicago, Vice President of Finance and Operations at the Latin School of Chicago, and Partner with KPMG. Arvin has served as a trustee and held trustee leadership positions for a variety of nonprofit institutions.
Arvin has a BS in Accountancy from the University of Illinois, and a Master of Education and PhD in Education from Loyola University Chicago. Arvin was formerly a certified public accountant in Oregon and Illinois.
Ms. Arvin was appointed by Governor Kate Brown on May 10, 2022. She was confirmed by the Oregon Senate in June 2022. Her term expires in April 2025
Pia Wilson-Body is President of the Intel Foundation, where she oversees the foundation’s approach for achieving impact and realizing the organization’s mission and goals. Ms. Wilson-Body’s prior leadership positions include Executive Director of the Intel Foundation, Director of Greater Americas’ Corporate Affairs, and Director of Global Diversity External Relations for Intel. She holds a bachelor’s from Spelman College and has served on numerous nonprofit boards including Vice-Chair of YWCA’s USA Board of Directors, the Center of Women’s Leadership, Forth Mobility, and the Council of Foundations’ Advisory Board.
Ms. Wilson-Body’s appointment by Governor Brown was confirmed by the Oregon Senate on September 21, 2022. Her term expires in June 2024.
Members by Position
|State Treasurer (Serves by Position)|
Tobias Read took office on Jan. 2, 2017 as Oregon's 29th State Treasurer. He previously worked in the U.S. Treasury and as a liaison between designers, engineers and manufacturing units for Nike Inc. Prior to being elected Treasurer, he served a decade in the Oregon House of Representatives and championed legislation to invest in public education, improve state financial management, finance critical infrastructure improvements, and to help Oregonians save for more secure futures. As Treasurer, he oversees Oregon's financial services agency.
The State Treasurer is a voting member of the OIC per ORS 293.706(4).
|Director, Public Employees Retirement System (Serves by Position)|
Mr. Olineck was appointed the Director of the Public Employees Retirement System (PERS) effective July 16, 2018. He is responsible for administration of the statewide retirement system serving more than 347,000 members, retirees and beneficiaries. Prior to joining PERS, Olineck was a senior executive with British Columbia Pension Corporation as well as Alberta Pension Services, two of the largest public sector pension administrators in Canada. Olineck has a degree in Public Administration from the University of Saskatchewan, his Certified Employees Benefits Specialist (CEBS) designation as well as his Institute of Corporate Governance, Directors (ICD.D) designation.
The Director of the Public Employees Retirement System is an ex-officio member of the OIC with no voting power, per ORS 293.706(5).