Maryland State Retirement hires new executive director Maryland State Retirement hires new executive director Martin Noven Martin Noven has been named executive director of the $65.5 billion Maryland State Retirement & Pension System, Baltimore. Mr. Noven, who resigned as executive director of the $22.1 billion Illinois State Universities Retirement System in February, will take over July 1 for R. Dean Kenderdine, who will retire June 30, the system announced Wednesday. “I am excited to work with an exceptional team to deliver hard-earned retirement benefits to Maryland workers,” Mr. Noven in a news release. “The Maryland State Retirement Agency is nationally recognized as a well-run public pension plan and it is indeed an honor to be selected to take the helm of this fine organization.”