Chief Benefits Officer Steve Herbert, who also faced a misconduct investigation, was terminated from his position.
DES MOINES, Iowa — Greg Samorajski, the CEO of Iowa Public Employees’ Retirement System (IPERS), has resigned amid a misconduct investigation, Gov. Kim Reynolds announced Thursday.
In a statement, IPERS said that Chief Benefit Officer Steven Herbert was also terminated from his position, effective Thursday. Samorajski and Herbert were placed on administrative leave March 31 and April 1, respectively.
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IPERS CEO resigns during misconduct investigation
CEO of Iowa Public Employees’ Retirement System resigns amid misconduct investigation
Officials have not disclosed the nature of the misconduct investigations into Samorajski and Herbert but said it does not impact payments to IPERS members.
An estimated 10% of Iowans depend or will depend on IPERS as part of their retirement income, according to the state of Iowa.
The state received Samorajski’s resignation May 1. On Thursday, Gov. Reynolds approved the resignation, which is effective immediately.
Reynolds appointed Samorajski as CEO of IPERS in 2020.
The Department of Administrative Services will immediately begin a nationwide search for a new IPERS CEO, the governor’s office said. IPERS will conduct a similar search to hire a new chief benefits officer.
IPERS General Counsel Elizabeth Hennessey, whom Reynolds appointed acting CEO when Samorajski was placed on leave, will continue to serve as CEO until a new leader is named. IPERS staff will continue to oversee the duties of the chief benefits officer, IPERS said.