Plan sponsor executive compensation
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22 MassPRIM staffers get raisesTwenty-two staff members at the Massachusetts Pension Reserves Investment Management Board, Boston, were given raises, according to a letter to the board.
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New pay structure created by MassPRIM hoped to help staff retentionMassachusetts Pension Reserves Investment Management Board approved a new compensation structure geared toward helping recruit and retain investment professionals.
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CalPERS cuts bonuses to retirement system's investment pros
CalPERS 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.
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Public pension fund governance: alignment of responsibility with authorityAn important area of public pension fund governance that has not received sufficient attention is alignment of governance responsibility with corresponding authority.
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Massachusetts PRIM's decision made tougherA 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.
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CIO departure spurs Mass PRIM pay debateThe 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.
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South Carolina chooses McLagen to consult on compensation
South Carolina Retirement System Investment Commission selected McLagan to provide compensation consulting services, pending contract negotiations, Adam Jordan, interim CEO.
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UTIMCO doles out $7.2 million in bonuses; CEO gets $1.88 million
University of Texas Investment Management Co. handed out $7.2 million in bonuses to 29 managers after investments topped benchmarks for three straight years.
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Chart: Top paid CIOs of tax-exempt institutions
Rank CIO Organization AUM (billions) Total compensation W2 compensation Non-W2 compensation 1 Jane Mendillo Harvard University (HMC) $27.6 $4,754,379 $3,498,265 $1,256,114 2 David F. Swensen Yale University $16.7 $3,795,540 $3,715,724 $79,816 3 Nirmal Narvekar Columbia University (CIMC) $6.5
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Endowment execs top pay list for tax-exempt institutionsJane Mendillo, Harvard Management Co.'s president and CEO, tops the list of highest-paid chief investment officers — with total compensation of $4.75 million in according to a list of the top 50 earners from executive search firm Charles Skorina & Co.
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CalSTRS gives staff $1.79 million in bonuses
California State Teachers’ Retirement System increased staff bonuses 11% to $1.79 million for the 12 months ended June 30 after posting the biggest gain since 1986.
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CalPERS pays out $4.8 million in bonusesCalPERS paid $4.8 million in bonuses to 54 high-ranking officials, including some investment professionals, in the fiscal year ended June 30. Joseph Dear, chief investment officer at the $217.1 billion California Public Employees’ Retirement System, Sacramento, received an $84,375 bonus, only 19%
