SPRINGFIELD - State Senator Ram Villivalam has been appointed to the Senate Special Committee on Pension Investments by Senate President John J. Cullerton to fill the vacancy created by the departure of former State Senator Toi Hutchinson.

“I’m committed to ensuring the state upholds its promise to compensate our hardworking employees upon their retirement and to make sure these investments are indeed smart ones for taxpayers,” Villivalam (D-Chicago) said. “It is our responsibility to ensure that all Illinoisans who dedicate their lives to serving the state are not left without the means to support themselves and to provide fair opportunities for minority-owned businesses that have long struggled to break into the investment industry.”

For over ten years, the Senate Special Committee on State and Pension Fund Investments has made it a priority to monitor the use of minority and female-owned asset management firms and brokerages by public pension systems.

The committee is expected to meet in March.