(Radio Iowa) – Two top administrators with the state-run retirement system known as IPERS are being investigated for alleged misconduct and have been placed on administrative leave. The Des Moines Register was first to report the system’s C-E-O was placed on leave Wednesday, now the chief benefit’s officer for the Iowa Public Employees Retirement System has also been placed on leave, pending the outcome of the investigation.
A spokesman for the governor says the situation does not impact IPERS benefits for over 424-thousand current and retired government employees. A former IPERS risk investment officer is suing the state, claiming he’s a whistleblower who was fired after alleging some expenses were being concealed and IPERS reports were overstating the performance of investments and downplaying investment risks.
