Des Moines Teachers' Retirement System officials are considering merging the $162 million fund into the $8 billion Iowa Public Employees' Retirement System, said Roger Hudson, executive director and treasurer of the Des Moines Teachers' pension board. Fund officials began examining the option this year, after more local teachers were opting for the state fund over the local fund. Mr. Hudson said the reason may be the state fund offers teachers early entry into the plan and early retirement.
Des Moines Teachers' has a total of 1,000 active and 800 retired participants. Norwest Bank is the fund's only manager.