Robert A. Wylie, executive director of the South Dakota Retirement System, Pierre, is retiring.
Mr. Wylie confirmed over the phone that he informed the board of his intention to retire on or about Dec. 1, 2019. The board will conduct a national search for a replacement.
Mr. Wylie has been executive director of the $12.2 billion pension system since 2003.
The state retirement plan returned a net 7.94% for the fiscal year ended June 30. Its asset allocation as of June 30 was 32% cash, 28% global equity, 13% investment-grade fixed income, 11% high-yield fixed income, 8% private equity, 7% real estate and 1% absolute return.
