NEW ORLEANS (WVUE) - The Municipal Employees Retirement Board says Executive Director Bob Rust has resigned.
His resignation follows a series of FOX 8 investigations. Rust was under scrutiny for questionable spending.
A state board initially suspended its executive director following a Lee Zurik Investigation uncovering questionable spending. The Municipal Employees Retirement Board placed Rust on a 60 day administrative leave with pay.
While on leave, Rust was required to participate and assist in any ongoing investigation by the board into his spending. Rust also was told to attend a June 18 public meeting to answer questions about the questionable expenses.
This decision comes after a series of Lee Zurik Swiped investigations into expensive meals, trips and conferences planned by Rust over the past few years. A followup investigation revealed that Rust allegedly falsified receipts sent to FOX 8.
The Municipal Employees Retirement System, or MERS, manages retirement accounts for many of the cities in this state, including Slidell, Mandeville, Covington and Bogalusa on the North Shore, and also Gretna, Lafitte, Hammond and Thibodaux.