House Democratic Leader Brian Meyer says the House Oversight Committee should meet soon to find out why the C-E-O of the state-run pension system resigned and a top deputy was fired on May 1st. “We need to investigate it and if we can do it sooner rather than later and get to the bottom of it, that’d be ideal,” Meyer said. The Iowa Public Employees Retirement System — called IPERS — manages pensions for over 400-thousand Iowans. In April, state officials announced the fund’s top two managers were placed being investigated for alleged misconduct and had been placed on administrative leave, but they have not disclosed why the chief benefits officer was fired and the C-E-O resigned this month. Meyer says legislators need to ensure the fund is sound, even though it appears the problems were related to employee conduct in the workplace.
