Retiree health agency names executive director
Posted at: 09/17/2012 1:00 PM
By: The Associated Press
ALBUQUERQUE, N.M. (AP) - The Retiree Health Care Authority has promoted its deputy director to the top administrative job of the agency providing health insurance for about 50,000 governmental retirees, their spouses and dependents.
The authority's board announced Monday that Mark Tyndall has been appointed executive director.
He succeeds Wayne Propst, who left earlier this year to become executive director of the Public Employees Retirement Association. Tyndall has been deputy director of the authority since November 2008.
He previously worked for health services companies Cigna and Presbyterian Health Plan.
In his new job, Tyndall will be paid $102,596 a year. The authority has assets of about $230 million but unfunded liabilities of more than $3 billion. The independent agency faces long-term financial troubles because of rising health care costs and growing numbers of retirees.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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