The Associated Press

RALEIGH, N.C. — The chief investment officer for Indiana’s public employee pension fund is taking a similar job in North Carolina.

Janet Cowell announced Monday that Shawn Wischmeier 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.

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