Sec. 801.103. MEMBERS APPOINTED BY GOVERNOR. (a) The governor shall appoint, with the advice and consent of the senate, seven members to the board. (b) The governor shall appoint to the board: (1) three persons who have experience in the fields of securities investment, pension administration, or pension law but who are not members or retirees of a public retirement system; (2) one person who is a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the federal Employee Retirement Income Security Act of 1974 (29 U.S.C. Sec. 1001 et seq.); (3) one person who has experience in the field of governmental finance; (4) one person who is a contributing member of a public retirement system; and (5) one person who is receiving retirement benefits from a public retirement system.
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