Arlington County Pension Administrator Resigns

Bruce Kallos, the executive director of the $1.1 billion Arlington County Employees’ Supplemental Retirement System, resigned after a county audit found questionable expenditures in his expense reports, including trips to the Bellagio Hotel and Casino in Las Vegas and other luxury resorts.   All told, these alleged expenditures totaled an estimated $10,000, the Washington Post is reporting.

Earlier this month, Kallos, 69, was placed on indefinite leave – with pay – after a county audit found the irregularities.   At the time, Kallos told the Post that most of his travel and expenses were approved by the fund’s treasurer and that for seven years the American Express bill had served as a sufficient receipt. 

Kallos, who acknowledged that he “screwed up” when he charged an estimated $200 on his hotel bill for an afternoon of massage and yoga at an investment conference in Scottsdale, reportedly required his staff to attach receipts for expenses, but did not do so himself.

Steven Ivins , president of the Board of Trustees of the Arlington County Employees’ Supplemental Retirement System, said in a statement that Kallos“has resigned effective immediately, and we have reached a satisfactory settlement on outstanding issues,” Ivins said.   Ivins declined to elaborate on the terms of the settlement.