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Senate advances bills to change state investment pay metric and move statutory funds to endowment model
Summary
Senate File 38 would change performance compensation metrics (moving to a geometric/three‑year rolling measure) for the team that manages state investments; Senate File 70 would move specified non‑permanent state trust funds into an endowment model to boost long‑term returns and stabilize payouts to beneficiaries.
The Senate Committee of the Whole recommended passage of two bills that adjust how Wyoming invests public funds and how investment performance pay is calculated.
Senate File 38 seeks to alter the performance compensation calculation for investment managers who oversee large state‑sponsored funds, replacing a short‑term arithmetic measure with a multi‑year rolling metric (described in debate as a geometric/three‑year rolling mean) intended to smooth out…
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