John Norwood, the Democrat who’s running for state treasurer, is calling for changes in oversight of the Iowa Public Employees Retirement System, known as IPERS. Norwood’s remarks come after the state-run pension system’s C-E-O resigned on May 1st and a deputy was fired. Both were under investigation for alleged misconduct. “IPERS is not just another government program,” Norwood said. “This quasi-government agency represents one in eight Iowans and is foundational and their families across our state.” Norwood says he’s not going to speculate about what the allegations may have been and he’s relieved by statements indicating the solvency of IPERS is not in doubt. He is, though, calling on the leadership of IPERS and its board of directors to be more forthcoming about what’s going on.
