Board Members

Lori Borgeson, President
Stephanie Pignato, Vice President
Tom Koreltz, Secretary
Maggi Schiller, Treasurer

Matt Bogenschultz, Trustee
Halla Henderson, Ex-Officio
Karen Martinsen, Trustee

Mike McCollor, Trustee
Michael McKay, Trustee
Karen Odegard, Trustee

Lori Borgeson, President

Committees

Executive Committee, Chair
Personnel Committee
Investment Committee
St. Paul Teachers Pension PAC Chair

Lori Borgeson started her career in the business field, working in various payroll and human resource roles. After four years in business, she went back to school to earn her teaching license. She received her B.A. from Concordia College in Moorhead, and her M.A.T. from UW – River Falls. She has been teaching math at Johnson Senior High since 1997. She is also the math team coach and a building steward.

Lori was elected to the SPTRFA Board in January of 2012. During her tenure, she served as Treasurer until her recent election as Vice President. Additionally, Lori has been on two bargaining teams for SPFE and is a trustee of the Local 28 Scholarship Committee. She has been a member of the St. Paul Teachers Pension PAC, formerly Committee of Nine, since 1999, serving as its Secretary until she was elected as its Chair in January 2020.

Stephanie Pignato, Vice President

Committees

Executive Committee
Investment Committee
Audit Committee
Board Appointee to St. Paul Teachers’ Pension PAC

I have been with the St. Paul Public School District for over 30 years. I am a classroom teacher at Phalen Lake Hmong Studies Magnet. I graduated from Harding High School, The University of Wisconsin- River Falls, and Hamline University.

I am a building steward and proudly serve as a Trustee for St. Paul Teachers Retirement Fund.

Tom Koreltz, Secretary

Committees

Executive Committee
Personnel Committee
Investment Committee

Tom is a 1989 graduate of Harding High School and has been working as a teacher in the St. Paul Public Schools since 1993. He holds a Bachelor’s Degree in Mathematics from Iowa State University and a Master’s Degree in Curriculum and Instruction from St. Cloud State University.

Tom is highly motivated to protect the current defined benefit pension program for current retirees and enhance the pension for active members. He is honored to serve on the Board of Trustees as he believes in the mission of SPTRFA.

Maggi Schiller, Treasurer

Committees

Executive Committee
Investment Committee
Audit Committee

As a retiree, I am deeply committed to protecting and improving our pension benefits. I recently retired, after teaching mathematics and statistics 28 years in St. Paul. I also am a tax and small business accounting professional enrolled to practice before the IRS since 1986.

In my life as a tax professional, I have gained invaluable knowledge about retirement options, funding, taxation. I have become fiercely supportive of defined benefit pension plans like ours. My extensive experience puts me in a unique position to understand the personal impact of plan changes.

Matt Bogenschultz, Trustee

Committees

Investment Committee, Chair
Annuities & Refunds Committee, Chair

Matt Bogenschultz earned his B.A. in Economics, International Relations, and German at the University of Wisconsin-Madison. He also received an M.A. in German Literature from UW-Madison. He has completed the coursework for an M.ED in Second Languages and Cultures from the University of Minnesota.

Matt teaches English Learners, reading and writing. He has served as the PAC chair since 2006. During his first tenure on eight years the Committee of Nine, he served as secretary and treasurer. Matt has been a Board member since 1999. In 2006, he was appointed by the Board as St. Paul Teachers Pension PAC Chair.

Halla Henderson, Ex-Officio Trustee

Committees

Investment Committee

The appointed representative to the SPTRFA Board of Trustees from the Saint Paul Public Schools Board of Directors is Chair Halla Henderson.

Karen Martinsen, Trustee

Committees

Investment Committee
Annuities & Refunds Committee

As a teacher with St. Paul Public Schools, I am committed to our defined benefit pension. As the stock market and economy are ever changing and sometimes swing wildly, I am relieved to know that I will have a secure pension benefit I can plan on for my future. I am dedicated to serving my colleagues and retired colleagues by helping to safeguard the money put in trust for them. I have been teaching in St. Paul Public Schools for over 20 years. I have a wide breadth of teaching experience from 13 years in elementary education at Benjamin E. Mays and Frost Lake elementary schools to more recent experience in secondary teaching middle and high school students at Washington Technology Magnet. I have been studying to learn more about investing since 2014. I’m excited to learn even more to benefit the teachers of St. Paul.

Mike McCollor, Trustee

Committees

Executive Committee
Personnel Committee, Chair
Investment Committee

Dr. McCollor retired from the St. Paul Public Schools after serving over 34 years in the District. After teaching science at Battle Creek Middle School, he served as assistant principal at Battle Creek, Washington Technology Magnet Middle School, and Como Park High School. Most recently, he served 17 years as Principal at Washington Technology Magnet School, where he was honored as Principal of the Year by the Minnesota Association of Secondary School Principals.

Dr. McCollor holds a Bachelor of Science degree in Science Education from the University of Minnesota, a Master of Science degree in Experiential Education from Mankato State University, and a Doctorate of Education degree from the University of Minnesota in Educational Policy and Administration. He has been an SPTRFA Trustee since January of 2000.

Michael McKay, Trustee

Committees

Personnel Committee
Investment Committee
Audit Committee, Chair

Mike has been teaching in the Saint Paul Schools for over 20 years and is currently teaching Math at Highland Park Senior High. He has a long association with the district having been a student at St. Anthony Park, Murray Junior High, and Como Park Senior High.

Mike holds a Bachelor’s Degree in Mechanical Engineering from the University of Minnesota and worked in the private sector for a time before returning to the Saint Paul District while earning his Masters in Education from the University of Saint Thomas. Mike is currently a member of the board of trustees of the Falcon Heights Fire Department Retirement Fund and has previously served as Treasurer of the Fund. He has been a member of the Fire Department since 2000. He was elected to the board in 2016 and is honored to represent both the present and future retirees of the Saint Paul School District.

Karen Odegard, Trustee

Committees

Investment Committee
Audit Committee

In 1979, Karen began her career with SPPS as a music teacher. From the University of Minnesota, she received a B.S. in Music Education (K-12). Her education continued at the University of Wisconsin – River Falls: M.A. in Reading K-12 and another degree in Elementary Education, 1-6. She also attended The Ohio State University and received certification in Reading Recovery® as a Teacher Leader. Karen had a variety of roles including music teacher, primary teacher, and teacher on special assignment: Reading Recovery teacher leader, District Title I team member, and Literacy coach

Karen’s involvement in the SPFT included building steward, Secretary on the Executive Board, and co-leader for the Reading Collaborative. In 2007 SPFT chose Karen as the recipient of the Mary McGough Distinguished Service Award. Karen has a certificate on Governance (2007) and a certificate on Investments (2008) issued by the National Council on Teacher Retirement (NCTR).