Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Endowment Fund board defends pay raises for two senior investment staff; governor declines full request
Summary
The Endowment Fund Investment Board told the Joint Finance-Appropriations Committee it seeks pay increases to retain two senior investment staff after years of pay lag; the governor recommended technical and inflation funding but did not include the board's requested compensation increases.
The Endowment Fund Investment Board told the Joint Finance-Appropriations Committee on Oct. 24 that it recommended substantial pay increases for two senior investment staff to keep those roles competitive and reduce turnover.
Janet Jessup, budget and policy analyst with Legislative Services, introduced the board's budget materials and noted the board manages state endowments and funds for the Department of Lands. Chris Anton, manager of investments for the Endowment Fund Investment Board, and Thomas Wilford, the board chair, answered members' questions about the board's request for roughly $100,000 in additional compensation targeted at two employees.
The board's request, Wilford said, stems from a long-running effort to correct pay that he described as below market when…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
