NM Pension Fund Director Terry Slattery Resigns

SANTA FE, N.M. – The top administrator of New Mexico's pension fund for government workers is stepping down to take a job with a retirement program in Iowa.

The Public Employees Retirement Association board on Thursday accepted the resignation of executive director Terry Slattery, who has held the post for 10 years.

Slattery's last day is Oct. 14.

Slattery told The Associated Press that he's leaving to become the executive director of the Municipal Fire and Police Retirement System of Iowa. He said he was recruited for the job and it will allow him to return to the Midwest and be close to family.

PERA is the pension program for state and local government workers, firefighters and law enforcement in New Mexico. The retirement program covers about 30,000 retirees and 50,000 current workers.