The CEO of Iowa’s largest public retirement plan, Greg Samorajski, is on paid leave due to allegations of misconduct, according to the governor’s office.The office said the investigation does not pose any risk to the Iowa Public Employees’ Retirement System Trust Fund and will not impact payments to members. The IPERS Trust Fund is valued at more than $45 billion. Over 400,000 Iowans are part of the program.Samorajski was appointed by Gov. Kim Reynolds as CEO in 2020. He will continue to receive pay while on leave. IPERS General Counsel Elizabeth Hennessey will serve as acting CEO.State records show Samorajski is paid $261,000.» Subscribe to KCCI’s YouTube page» Download the free KCCI app to get updates on the go: Apple | Google Play
DES MOINES, Iowa —
The CEO of Iowa’s largest public retirement plan, Greg Samorajski, is on paid leave due to allegations of misconduct, according to the governor’s office.
The office said the investigation does not pose any risk to the Iowa Public Employees’ Retirement System Trust Fund and will not impact payments to members.
The IPERS Trust Fund is valued at more than $45 billion. Over 400,000 Iowans are part of the program.
Samorajski was appointed by Gov. Kim Reynolds as CEO in 2020. He will continue to receive pay while on leave.
IPERS General Counsel Elizabeth Hennessey will serve as acting CEO.
State records show Samorajski is paid $261,000.
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