Jan Murtha, executive director for the North Dakota Retirement and Investment Office, speaks during a meeting of the Employee Benefits Programs Committee on Oct. 31, 2024. (Michael Achterling/North Dakota Monitor)
(North Dakota Monitor) -A key person involved with overseeing the Legacy Fund announced her resignation .
Jan Murtha, executive director of the state Retirement and Investment Office, announced she is leaving state government to pursue philanthropic and private sector opportunities. Her last day will be Jan. 3.
The Retirement and Investment Office administers investments of the $11.4 billion Legacy Fund and other government funds, including the Teachers’ Fund for Retirement.
The resignation comes as some Republican lawmakers plan to propose a bill in the upcoming legislative session to require more transparency of Legacy Fund investments.
Murtha has led the office since November 2021.
The State Investment Board appointed a search committee to identify an interim executive director. A special board meeting will be scheduled after Gov.-elect Kelly Armstrong takes office to appoint the interim director and a new chair for the board. The State Investment Board is responsible for hiring the executive director.
The State Investment Board also recognized other outgoing leaders, Lt. Gov. Tammy Miller, who has served as chair since 2023, and Office of Management and Budget Director Susan Sisk. By statute, both the governor and the head of the Office of Management and Budget are members of the board. Burgum and previous governors have delegated the position to the lieutenant governor.
Armstrong announced that he has named Joe Morrissette to lead the Office of Management and Budget along with several other Cabinet appointments. Additional appointments are expected.
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