March 15, 2024

DENVER–The Colorado Public Employees Retirement Association (PERA) Board of Trustees announced today that Andrew Roth has been named as PERA’s Chief Executive Officer/Executive Director, effective May 13.

Roth is currently the Deputy Director for the Teacher Retirement System of Texas, the sixth largest public pension system in the United States with assets under management of more than $185 billion. Roth becomes the eighth executive director of the $56 billion Colorado retirement system, which was established in 1931 by the Colorado General Assembly.

The announcement comes after an extensive eight-month nationwide search, with more than 250 applicants, conducted by the Board of Trustees in cooperation with a national executive recruiting firm.

“The Board conducted an extremely thorough process with highly qualified candidates from across the country,” said PERA Board Chair Marcus Pennell. “Mr. Roth stood out among these leaders because of his experience managing complex pension organizations, a commitment to PERA’s fiduciary obligations and as someone who has demonstrated a dedication to public service.”

“PERA is one of the nation’s premier pension funds and it is an honor to serve the members and retirees who have dedicated their careers to public service in the great state of Colorado,” said Andrew Roth. “PERA has contributed to a secure retirement for Colorado’s public workforce for nearly 100 years, and I appreciate the Board’s confidence in me to carry this vital mission into the future. I look forward to working closely with the Board, our employees, and every member to ensure PERA remains steadfastly focused on meeting the retirement needs of hundreds and thousands of Coloradoans.”

Roth will begin his new role as CEO/Executive Director on May 13.

“Selecting PERA’s Executive Director ensures our members and retirees have a strong organization to manage and administer their retirement benefits,” said Pennell. “I’d like to thank PERA staff and Board for a thorough process, and I especially would like to thank Amy McGarrity for serving as Interim Executive Director. On May 13, Amy will resume her former role as Chief Investment Officer/Chief Operating Officer.”

Colorado PERA provides retirement and other benefits to nearly 670,000 current and former teachers, State Troopers, corrections officers, snowplow drivers, and other public employees who provide valuable service to all of Colorado. PERA is a vital and stable contributor to Colorado’s economy, distributing more than $5.2 billion in 2022 to more than 135,000 retirees who live in Colorado.