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Endowment Fund board asks for pay adjustments for two investment staff; governor declines
Summary
The Endowment Fund Investment Board requested compensation increases for two senior investment staff citing market competitiveness; the governor’s budget does not include the requested salary increases, and board leaders told the Joint Finance-Appropriations Committee they remain supportive of the request.
The Endowment Fund Investment Board asked the Joint Finance-Appropriations Committee on Thursday to approve pay increases for two senior investment staff, saying the positions are underpaid relative to market comparators. Janet Jessup, budget and policy analyst with the Legislative Services Office, told the committee the board’s 2026 request included compensation adjustments for two employees.
The request drew questions from legislators and answers from board leaders. “The recommendations were made by our compensation committee and our board,” said Chris Anton, manager of investments for the Endowment Fund Investment Board. He told the committee the board had discussed the recommendations with the governor’s office and the Division of Human Resources but had not reached a final agreement with those offices.
Why it matters: The Endowment Fund Investment…
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