The state employee pension system will need some tweaks, but Gov-elect Terry Branstad says he's changed his mind about replacing Donna Mueller as IPERS chief executive. The Iowa Public Employees’ Retirement System, serves 300,000 current and former public employees and retirees from state and local governments. Branstad told a town hall in West Des Moines that says right now IPERS isn't actuarially sound and they’ve been increasing the contributions. Branstad says he knows public employees are worried about any changes to the pension system, but “we also need to balance that against a concern for the taxpayers who are footing the tab for its' cost.
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