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(Des Moines, IA) -- A second senior executive at Iowa’s largest retirement system has been placed on leave amid allegations of misconduct.
Steven Herbert, who has served as Chief Benefits Officer at the Iowa Public Employees’ Retirement System since March 2025, was placed on leave this week. The governor’s office also confirmed that IPERS CEO Greg Samorajski was put on leave Wednesday.
Officials have not said whether the two investigations are related.
The IPERS fund is valued at more than $45 billion and provides retirement benefits to roughly 400,000 current and former public employees.