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
OIC.PublicComments@ost.state.or.us.
The deadline to submit written public comments for inclusion in the meeting packet is 12 p.m. the Wednesday prior to the scheduled Council meeting. All submissions received after the deadline will be added to the meeting packet of the next scheduled meeting.
Investment Policy Statement for OPERF
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Council Members
Upcoming OIC Meetings Calendar with Agendas
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Council Members
Appointed Members
Cara Samples, Chair
Fulcrum Wealth Management Group
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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.
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Alline Akintore |
Oregon Venture Fund
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Alline Akintore is a Partner at the Oregon Venture Fund, an early-stage venture capital fund that invests in startups and growth companies throughout Oregon and SW Washington. In her role, Ms. Akintore leads the fund’s due diligence and research activities into prospective investments. Prior to joining the Oregon Venture Fund, Ms. Akintore’s professional experiences span the globe, having worked in venture and impact investing in the Bay Area, and with organizations in Rwanda, South Korea, and the United States. She holds degrees in Electrical Engineering from Oklahoma Christian University and the University of Pennsylvania and earned an MBA from Stanford University. Ms. Akintore’s appointment by Governor Tina Kotek was confirmed by the Oregon Senate on June 16, 2023. Her current term expires June 30, 2027.
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Lorraine Arvin |
Arvin Resources LLC
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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
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Pia Wilson-Body |
Intel Foundation
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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 current term expires June 30, 2028. |
Members by Position
Elizabeth Steiner |
State Treasurer (Serves by Position)
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Elizabeth Steiner is Oregon’s 30th Treasurer. She is the first woman and first physician to hold this office. Born in New York and raised in Massachusetts, she moved to Oregon in 1991 for her family medicine residency at OHSU. Within in six months of arriving she knew Oregon was home and has been here ever since. Elizabeth served in the State Senate for thirteen years prior to being elected Treasurer. She served as Senate Co-Chair of the Joint Committee on Ways & Means for six years, gaining expertise in managing the state’s budget, engaging in economic development across the state, and working closely with Treasury regarding bonding. Her policy work focused on upstream public health including raising the legal age for tobacco & e-cigarettes to 21 and creating the nation’s first universally-offered home visiting program for families with new babies. As a family physician Elizabeth knows that financial security is critical for good physical and mental health. She is excited to help more Oregonians achieve better health by building financial security through financial empowerment programs and use of various savings programs offered through the Oregon Treasury.
The State Treasurer is a voting member of the OIC per ORS 293.706(4). |
Kevin Olineck |
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).
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