(Radio Iowa) – The C-E-O of the state run retirement system who’s been under investigation for alleged misconduct has resigned. Iowa Public Employees Retirement System C-E-O Greg Samorajski was placed on administrative leave a month ago. Governor Kim Reynolds has just announced she accepted his resignation on Friday of last week and it was effective immediately.
A former risk investment officer for IPERS is suing the state, claiming he’s a whistleblower who was fired after alleging IPERS reports overstated the performance of investments and some expenses were being concealed. Samorajski was overseeing the Alaska Retirement Management Board when Reynolds appointed him C-E-O of IPERS in May of 2020. IPERS manages retirement benefits for over 424-thousand current and retired government employees.
Another IPERS administrator — the chief benefits officer — was placed on leave in early April. The Des Moines Register reports he was hired after being fired from a similar job in Kentucky due to complaints about his behavior with other employees. The general counsel for IPERS has been interim C-E-O for the past month and Reynolds says Elizabeth Hennessey will remain in that role until a new C-E-O is appointed.
