INDIANAPOLIS (WLFI) — State Treasurer Richard Mourdock submitted a letter of resignation to Gov. Mike Pence. The treasurer’s resignation is effective at the close of business Friday.
In the letter, Mourdock said he is leaving office early to pursue other professional interests particularly helping Americans save for retirement and for post-high school education. His term would have expired at the end of the year.
Mourdock said his resignation is motivated by a change in the annuity savings rate of the Public Employees’ Retirement Fund. As News 18 already reported, on Oct. 1 the rate drops from 7.5 percent to 5.75 percent. To keep the higher rate, workers must retire by this Monday, Sept. 1.
“We thank Richard Mourdock for the various roles he has played in public service, and we wish him well in his future endeavors,” Pence told News 18 in a release.
In a meeting with the Treasurer’s Office, Mourdock noted many accomplishments over the past seven years such as “clean” audits, high investment numbers in the state despite low interest rates, and enrollment in college savings plans have increased by 1200% and almost $3 billion — to name a few.
“But all of us know those are not solely my accomplishments, but your accomplishments as well.” Mourdock told his staff. “And I’m proud to have been a part of all that was required to achieve so much.”
Shortly after the resignation announcement, Pence appointed Daniel Huge to serve in an interim capacity as Treasurer of the State of Indiana. Pence said it was to ensure continuity of operations in the Treasurer’s Office until another can be appointed to serve through Dec. 31.
“Daniel Huge brings a strong background in financial services, and I am confident he will ensure continuity of operations in the Treasurer’s office,” Pence said.
According to the release, Huge is CPA with 30 years of financial, accounting and audit experience. He is the CFO and COO of the Indiana Finance Authority and has served as CFO of the Capital Improvement Board from 2010 to 2013. He served as Director of the Indiana Bond Bank from 2001 to 2010 and has held other upper management positions in both the public and private sectors. Huge is a graduate of Purdue University.