David P. Keefe of Hempstead, the retired teacher representative on the 10-member NYSTRS Retirement Board, was recently elected by fellow trustees as Board president. Michael J. Masse of Fayetteville, a bank executive and former president of the Fayetteville-Manlius Board of Education, was elected as vice president of the NYSTRS Board.
Keefe replaced R. Michael Kraus, who retired from the Board June 30 following more than two decades of service, as Board president. Keefe previously served as vice president of the Board.
Keefe taught in the Hempstead Public School system for 34 years before retiring in 2004. A past president of the Hempstead Classroom Teachers’ Association, Keefe was first elected to the NYSTRS Board in 2004 by retired members of the System. He chairs the Retirement Board’s Executive and Retired Member committees, and also serves on the Compensation, Disability Review, Ethics and Investment committees.
Masse was appointed to the NYSTRS Board in 2009 by the New York State Board of Regents on the recommendation of the State School Boards Association. He chairs the Audit and Ethics committees and serves on the Compensation, Executive, Investment and Retired Members committees.
The Retirement Board sets policy and oversees NYSTRS’ operations. Board members, who serve without compensation, are responsible as fiduciaries to protect the long-term value of the System’s more than $105 billion portfolio and to provide benefit security for members.