Plan sponsor executive compensation
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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.
Chart: Top paid CIOs of tax-exempt institutions
trueEndowment execs top pay list for tax-exempt institutions.
Endowment execs top pay list for tax-exempt institutions
trueJane 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.
CalSTRS gives staff $1.79 million in bonuses
trueCalifornia 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.