Montana Public Employees Retirement Administration, Helena, is searching for an executive director, confirmed Yvette Englert, human resources manager for the state's department of administration.
Current Executive Director Roxanne Minnehan is retiring in the middle of this year. The plan is to have a replacement in place by Ms. Minnehan's retirement, Ms. Englert said.
Ms. Minnehan was placed on administrative leave in October before being reinstated two weeks later. Further information about why she was placed on leave could not be learned by press time, although the board had disclosed “there have been no allegations of any improprieties on Ms. Minnehan's part.”
The search is being handled internally.
MPERA administers eight retirement systems with a combined $5.9 billion in assets. The investments are handled by the Montana Board of Investments, Helena.
Separately, nine Montana pension funds with a combined $9.3 billion in assets, returned 17.38% for the year ended Dec. 31, according to a news release posted on MPERA's website. The nine pension funds include the eight overseen by MPERA as well as the Teachers' Retirement System.