Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
July 27--Alan Corwin, a former longtime Thurston County Public Utility District commissioner who was known for his financial expertise, has died. He was 74.
Corwin died last week in Portland from stroke-related complications, former commission colleague Jim Lazar said Sunday.
Lazar filled an interim role on the commission about two years ago and worked closely with Corwin and fellow commissioner Chris Stearns.
"Alan was a very dedicated guy," said Lazar, adding that his financial expertise was phenomenally valuable to the PUD, a water utility. "He really had some skills that were critical for the commission as they acquired small water systems."
Corwin brought his understanding of finance to the commission, while Stearns understood water quality issues and Lazar contributed his knowledge of utilities.
"We had a good set of skills for a small organization," Lazar said.
About Corwin, he added: "He was a close personal friend, and I'm going to miss him terribly."
Stearns, too, remembered Corwin for his financial skills, saying he helped the PUD find more affordable insurance, worked heavily on a bond issue and always did what he thought was best for the PUD in the long run.
"He showed a lot of loyalty to the organization because he believed in it," Stearns said.
Funeral details are being kept private because that was her father's request, daughter Amy Corwin said Sunday. She declined further comment.
Corwin was elected to the PUD commission in 2004 and was re-elected in 2010. Commissioners serve six-year terms, but in 2012, following the PUD's highly publicized exploration into offering public power -- Proposition 1 was defeated in the general election that year -- Corwin resigned.
Before becoming a PUD commissioner, Corwin was a longtime financial adviser for Dean Witter, later to become part of Morgan Stanley.
He also told The Olympian in 2012, as part of a profile of the PUD, that following university he went to work for the Bonneville Power Administration in Portland as a management analyst.
Rolf Boone: 360-754-5403 email@example.com @rolf_boone
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