Iowa Gov. Kim Reynolds has appointed Martin Noven, former executive director of the Maryland State Retirement and Pension System, as the next CEO of the Iowa Public Employee Retirement System (IPERS). The appointment is effective Aug. 24, 2026.
Noven has served in executive leadership positions of statewide retirement programs for nearly a decade. Most recently from 2021 to 2025, he led one of the nation’s largest public retirement systems as the executive director of the Maryland State Retirement and Pension System, with a $75 billion defined benefit plan and 430,000 members. As executive director of the State Universities Retirement System of Illinois from 2016 through 2021, he was responsible for a statewide retirement system for higher education employees with a $30 million operating budget and 230,000 members. His 30-year career also includes experience in retirement policy, legislative advocacy, and market and business development.
Noven replaces former IPERS C
