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Executive Staff

  The Executive Staff is composed of three members. Its membership includes: The Executive Officer, Operations Officer and the Investment Officer.

   Dana K. Bilyeu, Executive Officer:
    Dana K. Bilyeu is the Executive Officer of the Public Employees' Retirement System of Nevada. As the Executive Officer of the $21 billion pension trust she is responsible for all aspects of fund management including analysis of plan funding, investment oversight, operational and strategic planning, and fiduciary and governance issues. Mrs. Bilyeu is principally responsible for the relationship with the System's independent actuary and oversees the data reconciliation process for actuarial valuations of the System. In her capacity as the Executive Officer, Mrs. Bilyeu provides information and analysis to the Nevada Legislature in consideration of pension policy issues affecting state and local government.

Prior to her appointment as the Executive Officer, Mrs. Bilyeu served for eight years as the System's Operations Officer, overseeing all aspects of benefit administration, including survivor, disability, and retirement benefit programs. Mrs. Bilyeu also was responsible for cost effectiveness measurement for all activities of the System. She was accountable for technology oversight as well as policy issues related to the public safety sector of public employment.

Prior to her employment at the System, Mrs. Bilyeu was the System's legal counsel, representing the System in a variety of aspects from benefits litigation, contracts analysis, to Board governance.

In 2006, Mrs. Bilyeu was nominated by the President and confirmed by the Senate to the Social Security Advisory Board. The Advisory Board is an independent, bipartisan board created by Congress and appointed by the President and the Congress to advise the President, the Congress, and the Commissioner of Social Security on matters related to Social Security and Supplemental Security Income programs.

Mrs. Bilyeu is a member of the National Association of State Retirement Administrators, the National Council on Teacher Retirement, the National Conference of Public Employee Retirement Systems, and the National Association of Public Pension Attorneys. She also serves on the Public Employee Advisory Board for the International Foundation of Employee Benefit Plans. She received her juris doctor from California Western School of Law and her B.A. from the University of Arizona.

Dana is a native of Tucson. She currently lives with her husband, Lindsay and son, Mateo in Carson City.

   Tina M. Leiss, Operations Officer:
    Tina M. Leiss is the Operations Officer of the Public Employees' Retirement System of Nevada. As the Operations Officer, Ms. Leiss oversees all aspects of benefit administration, including survivor, disability, and retirement benefit programs. Ms. Leiss is responsible for oversight of the information technology, accounting, member and retiree services, and employer and production services divisions of the System. She is also responsible for cost effectiveness measurement for all activities of the System and policy issues related to the public safety sector of public employment.

Prior to her employment at the System, Ms. Leiss was a Senior Deputy Attorney General with the Nevada Office of the Attorney General. In that capacity, she served as the System's legal counsel, representing the System in a variety of aspects from benefits litigation, contracts analysis, to Board governance. Ms. Leiss also served as legal counsel for a number of state agencies including the Office of the Military, Commission on Tourism, Commission on Economic Development, and various professional licensing boards.

Prior to her employment with the Office of the Attorney General, Ms. Leiss was in private practice for seven years, representing clients in many areas of law including civil litigation, bankruptcy, and insurance issues.

Ms. Leiss is a member of the National Association of Public Pension Attorneys, Government Finance Officers Association, the State Bar of Nevada, and an inactive member of the Oregon State Bar. She received her juris doctor from Willamette University College of Law and her B.A. from Oregon State University.

Tina is a native of Albany, Oregon. She currently lives with her husband, Gregg and daughters, Shannon and Samantha in Minden.

   Ken Lambert, CFA, CAIA, Investment Officer:
    Ken Lambert is the Investment Officer of the Public Employees' Retirement System. As the Investment Officer, he is responsible for all aspects of administration of the $23 billion PERS' portfolio, the $31 million Judicial Retirement System, and the $4 million Legislators' Retirement System.

Mr. Lambert is responsible for investment strategy development and implementation, policy design, investment contract negotiations, performance monitoring and daily operations and cash flow management. He also manages PERS' relationship with twenty investment management firms, PERS' investment consultant and custodian bank.

Ken began his career at PERS in 1995 as Investment Analyst, responsible for investment performance analysis and manager oversight. In 2001, he was appointed to the newly created position of Assistant Investment Officer. In this capacity, he managed all investment operations and assisted in the development and recommendation of investment strategies.

Mr. Lambert then moved to private industry and served as Executive Vice President at his family's winery, Ledson Winery and Vineyards in Sonoma, California. In this capacity he was responsible for the management of Ledson Winery, Hotel and Restaurant. He also managed vineyard grower relations and contract negotiations. In addition, Mr. Lambert served as Executive Vice President for Ledson Development, managing retail, office and land investments.

Mr. Lambert returned to the Retirement System in July 2006, when he was appointed Investment Officer.

Ken is a member of the CFA Institute, the Board of Directors of the National Association of State Investment Officers, the Board of Directors of the Pension Fund Data Exchange, and Reno/Tahoe Young Professionals. He has been a guest lecturer for the University of Nevada Reno, the National Council on Teacher Retirement, the National Association of State Pension Fund Auditors, and the International Foundation of Employee Benefit Plans. Ken was also named one of the top 20 professionals in northern Nevada under age 40 by the Reno Gazette Journal.

Ken grew up in Reno, Nevada, and is a graduate of the University of Nevada. He also holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations. He currently resides in Reno with his wife Jenny.




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