In late September, I was selected to serve as the chair of the Iowa Public Employees’ Retirement System (IPERS) Investment Board. The IPERS Investment Board is an 11-member public body that meets quarterly to review investments and assumptions, as well as set asset allocations. I have been a member of the Investment Board and an IPERS Trustee for 35 years. The Board voted unanimously for me to serve in this position.
The Iowa Public Employees’ Retirement System (IPERS) was created in 1953 with the primary purpose to provide a secure core retirement benefit to Iowa's current and former public employees such as, teachers, public nurses, firefighters and police, correctional officers, and many more. One in ten Iowans are part of IPERS. The total IPERS benefits paid in FY2018 were $2 billion, with an average benefit of $17,000.
Along with my responsibilities to the IPERS Investment Board, I also serve as a trustee, custodian, and investment administrator for the Iowa Peace Officers’ Retirement, Accident, and Disability System and the Judicial Retirement System.
If you have questions about IPERS, call 1-800-622-3849, or visit their website https://www.ipers.org/contact-us