97B.3 CHIEF EXECUTIVE OFFICER -- APPOINTMENT AND
QUALIFICATIONS.
1. The administrator of the system is the chief executive
officer. The chief executive officer shall be appointed by the
governor subject to confirmation by the senate and shall serve a
four-year term of office beginning and ending as provided in section
69.19. A vacancy shall be filled for the unexpired portion of the
term in the same manner as a full-term appointment is made. The
governor may remove the chief executive officer for malfeasance in
office, or for any cause that renders the chief executive officer
ineligible, incapable, or unfit to discharge the duties of the
office. The investment board, under the pay plan applicable to
employees of the division, shall set the salary of the chief
executive officer.
2. The qualifications for appointment as the chief executive
officer shall include management-level pension fund administration
experience. The qualifications for appointment as the chief
executive officer shall also include a demonstrated knowledge of all
aspects of pension fund administration, including financial
management, investment asset management, benefit design and delivery,
legal administration, and operations administration. The chief
executive officer shall not be selected on the basis of political
affiliation, and while employed as the chief executive officer, shall
not be a member of a political committee, participate in a political
campaign, or be a candidate for a partisan elective office, and shall
not contribute to a political campaign fund, except that the chief
executive officer may designate on the checkoff portion of the state
or federal income tax return, or both, a party or parties to which a
contribution is made pursuant to the checkoff. The chief executive
officer shall not hold any other office under the laws of the United
States or of this or any state and shall devote full time to the
duties of office.
3. By January 31 of the year in which the term of office of the
chief executive officer will end, the investment board and the
benefits advisory committee shall submit a written report to the
governor and the secretary of the senate concerning the board's and
committee's evaluation of the performance of the chief executive
officer, together with a recommendation concerning the reappointment
of the chief executive officer.
97B.3 CHIEF EXECUTIVE OFFICER -- APPOINTMENT AND
QUALIFICATIONS.
1. The administrator of the system is the chief executive
officer. The chief executive officer shall be appointed by the
governor subject to confirmation by the senate and shall serve a
four-year term of office beginning and ending as provided in section
69.19. A vacancy shall be filled for the unexpired portion of the
term in the same manner as a full-term appointment is made. The
governor may remove the chief executive officer for malfeasance in
office, or for any cause that renders the chief executive officer
ineligible, incapable, or unfit to discharge the duties of the
office. The investment board, under the pay plan applicable to
employees of the division, shall set the salary of the chief
executive officer.
2. The qualifications for appointment as the chief executive
officer shall include management-level pension fund administration
experience. The qualifications for appointment as the chief
executive officer shall also include a demonstrated knowledge of all
aspects of pension fund administration, including financial
management, investment asset management, benefit design and delivery,
legal administration, and operations administration. The chief
executive officer shall not be selected on the basis of political
affiliation, and while employed as the chief executive officer, shall
not be a member of a political committee, participate in a political
campaign, or be a candidate for a partisan elective office, and shall
not contribute to a political campaign fund, except that the chief
executive officer may designate on the checkoff portion of the state
or federal income tax return, or both, a party or parties to which a
contribution is made pursuant to the checkoff. The chief executive
officer shall not hold any other office under the laws of the United
States or of this or any state and shall devote full time to the
duties of office.
3. By January 31 of the year in which the term of office of the
chief executive officer will end, the investment board and the
benefits advisory committee shall submit a written report to the
governor and the secretary of the senate concerning the board's and
committee's evaluation of the performance of the chief executive
officer, together with a recommendation concerning the reappointment
of the chief executive officer.
97B.3 CHIEF EXECUTIVE OFFICER -- APPOINTMENT AND
QUALIFICATIONS.
1. The administrator of the system is the chief executive
officer. The chief executive officer shall be appointed by the
governor subject to confirmation by the senate and shall serve a
four-year term of office beginning and ending as provided in section
69.19. A vacancy shall be filled for the unexpired portion of the
term in the same manner as a full-term appointment is made. The
governor may remove the chief executive officer for malfeasance in
office, or for any cause that renders the chief executive officer
ineligible, incapable, or unfit to discharge the duties of the
office. The investment board, under the pay plan applicable to
employees of the division, shall set the salary of the chief
executive officer.
2. The qualifications for appointment as the chief executive
officer shall include management-level pension fund administration
experience. The qualifications for appointment as the chief
executive officer shall also include a demonstrated knowledge of all
aspects of pension fund administration, including financial
management, investment asset management, benefit design and delivery,
legal administration, and operations administration. The chief
executive officer shall not be selected on the basis of political
affiliation, and while employed as the chief executive officer, shall
not be a member of a political committee, participate in a political
campaign, or be a candidate for a partisan elective office, and shall
not contribute to a political campaign fund, except that the chief
executive officer may designate on the checkoff portion of the state
or federal income tax return, or both, a party or parties to which a
contribution is made pursuant to the checkoff. The chief executive
officer shall not hold any other office under the laws of the United
States or of this or any state and shall devote full time to the
duties of office.
3. By January 31 of the year in which the term of office of the
chief executive officer will end, the investment board and the
benefits advisory committee shall submit a written report to the
governor and the secretary of the senate concerning the board's and
committee's evaluation of the performance of the chief executive
officer, together with a recommendation concerning the reappointment
of the chief executive officer.
