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Endowment Fund board asks for pay increases for two senior investment staff; governor did not recommend
Summary
The Endowment Fund Investment Board asked the Joint Finance-Appropriations Committee on Jan. 22 to approve compensation increases worth about $100,000 to raise salaries for two senior investment staff.
The Endowment Fund Investment Board asked the Joint Finance-Appropriations Committee on Jan. 22 to approve compensation increases worth about $100,000 to raise salaries for two senior investment staff, board members and staff told the committee.
The request covered pay adjustments for the board—s two most senior investment staff and included small amounts for inflation and one-time hardware. Janet Jessup, budget and policy analyst with the Legislative Services Office, introduced the board—s budget and Christopher "Chris" Anton, the board—s manager of investments, and Thomas Wilford, board chair, answered committee questions about the pay request.
The board argued the raises are intended to bring long-tenured staff closer to market pay after the board—s portfolio and responsibilities grew significantly. "The recommendations…
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