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Endowment Fund board asks for pay increases for two investment staff; governor does not recommend
Summary
The Endowment Fund Investment Board told the Joint Finance-Appropriations Committee it requested roughly $100,000 to raise pay for two long‑tenured investment staff; the governor’s budget recommendation did not include that compensation increase.
Endowment Fund Investment Board leaders told the Joint Finance‑Appropriations Committee on the morning of the hearing that the board has requested a compensation enhancement of roughly $100,000 in FY 2026 to raise pay for two senior investment staff members.
The board’s manager of investments, Chris Anton, told lawmakers the board’s compensation committee and the full board recommended the increases, but discussions with the governor’s office and the Division of Human Resources had not produced a final agreement at the time the budget was submitted. “The recommendations were made by our compensation committee and our board,” Anton said. Board Chairman Thomas Wilford explained the request’s history: it traces back to hiring decisions and an expectation that pay would be “made up over the years.” Wilford said the board’s view is that replacing…
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