Plan sponsor executive compensation
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Florida State Board adopts incentive compensation plan to help retain staff
trueFlorida State Board of Administration trustees Tuesday approved an incentive compensation plan for Ashbel C. Williams Jr., executive director and chief investment officer, and the rest of the investment staff, its first such comprehensive program.
CalPERS staff bonuses up 14% to $9 million in fiscal year 2014
trueCalPERS paid $9 million in staff bonuses in fiscal year 2014, up 14% from the previous year.
Harvard endowment compensation sparks letter from alumni
trueA group of alumni that has previously criticized Harvard University for how much it pays its endowment managers is again finding fault after compensation more than doubled in three years at the university's investment arm.
Harvard pay rises 11% for top 6 endowment officials
trueHarvard University paid its top six endowment officials $32.8 million total in 2012, up 11% from the year before.
Wisconsin Investment Board increases staff incentive compensation by 66% for 2013
trueState of Wisconsin Investment Board, Madison, paid $13.3 million to staff in incentive compensation for 2013, rewarding performance for exceeding benchmark returns largely over the previous five years.
CalPERS doubles employee bonuses as losses recouped
trueCalPERS doubled bonuses to its staff as the $278.3 billion fund recouped losses suffered in the recession.
Florida SBA advisory council recommends 70% pay raise for Williams
trueFlorida State Board of Administration, Tallahassee, could raise the combined annual base salary and incentive award of Ashbel C. Williams Jr., executive director and chief investment officer, 70.3% to $553,500, if recommendations of its investment advisory council are adopted by trustees.
22 MassPRIM staffers get raises
trueTwenty-two staff members at the Massachusetts Pension Reserves Investment Management Board, Boston, were given raises, according to a letter to the board.
New pay structure created by MassPRIM hoped to help staff retention
trueMassachusetts Pension Reserves Investment Management Board approved a new compensation structure geared toward helping recruit and retain investment professionals.
CalPERS cuts bonuses to retirement system's investment pros
trueCalPERS reduced its bonuses to 55 investment professionals last fiscal year to a total of $3.6 million, from $4.1 million 12 months earlier, according to data provided by the $239.3 billion pension fund.
Public pension fund governance: alignment of responsibility with authority
trueAn important area of public pension fund governance that has not received sufficient attention is alignment of governance responsibility with corresponding authority.
Massachusetts PRIM's decision made tougher
trueA legislative loophole may be adding to the pressure facing the Massachusetts Pension Reserves Investment Management Board to craft a compensation plan better able to attract and retain key investment professionals overseeing the state's $50 billion pension fund.
CIO departure spurs Mass PRIM pay debate
trueThe imminent departure of longtime Chief Investment Officer Stan Mavromates helped spark an unusually contentious meeting of the Massachusetts Pension Reserves Investment Management board on June 7, focused on the system's compensation policies for staff.
South Carolina chooses McLagen to consult on compensation
trueSouth Carolina Retirement System Investment Commission selected McLagan to provide compensation consulting services, pending contract negotiations, Adam Jordan, interim CEO.
UTIMCO doles out $7.2 million in bonuses; CEO gets $1.88 million
trueUniversity of Texas Investment Management Co. handed out $7.2 million in bonuses to 29 managers after investments topped benchmarks for three straight years.