Karen Mazza was named interim executive director of the New York City Employees’ Retirement System, one of five pension funds in the New York City Retirement Systems.
Ms. Mazza, who starts her new job Jan. 1, replaces Diane D’Alessandro, who announced in September her decision to retire effective Dec. 31 after nearly 11 years in the position.
Ms. Mazza, who has been with NYCERS for 20 years, is deputy executive director of the pension fund. The board recently issued an RFP to select a search firm to assist the board in choosing a permanent executive director, according to a news release issued Thursday by the New York City Department of Finance.
The pension fund had $56.2 billion in assets as of Aug. 31, according to the website of city Comptroller Scott M. Stringer, the fiduciary for the five pension funds in the city pension system. The five pension funds had combined assets of $170.8 billion through August.
“The NYCERS board will engage in an open and competitive process to locate the best professional to lead NYCERS,” said Chairman John Adler, who represents Mayor Bill de Blasio on the board, said in the news release. “Karen Mazza will provide NYCERS with stable and experienced leadership during this time of transition. I am confident that NYCERS will be in excellent hands.”