David Gavia, executive director of the $27.6 billion Texas Municipal Retirement System, Austin, will retire May 31, 2020, spokesman Bill Wallace said in an email.
Mr. Gavia has been executive director since March 2010 after serving on an interim basis following the departure in August 2009 of Eric Henry, the previous executive director and CIO. Mr. Gavia was previously the pension fund's general counsel.
"It has been an honor to serve as executive director and to have taken steps to ensure that TMRS continues to serve the cities and municipal employees of Texas as a sound provider of retirement security," Mr. Gavia said in a news release.
Mr. Wallace said details of the formal search for Mr. Gavia's successor will be announced shortly.
