The chief investment officer for Indiana's public employee pension fund is taking a similar job in North Carolina.
North Carolina state Treasurer Janet Cowell announced Monday that Shawn Wischmeier (WISH'-my-er) has been hired as chief investment officer of North Carolina's retirement systems. He succeeds Patricia Gerrick, who was fired in August after five years on the job.
Wischmeier will make a base salary of $320,000. The post is one of the highest paid in state government. He previously worked for Eli Lilly and Co. before going to work on Indiana's state pension fund.
North Carolina's $68 billion retirement plan covers more than 820,000 people.
Cowell wouldn't disclose why she fired Gerrick, who used to work at Indiana's pension fund, too.