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Retirement board seeks three staff additions and big raise for administrator; council questions scope and timing
Summary
Fresno’s retirement systems requested three new positions and proposed raising the retirement administrator salary range to $240,000–$350,000; council members pressed for justification, evidence of failed recruitments, and whether retirees' funding streams or general fund exposure would be affected.
Representatives of Fresno’s two public retirement boards appeared at the budget hearing to request three additional staff positions and to ask the council to raise the salary range for the retirement administrator.
Board members and the vice chair outlined reasons for the requests: increased complexity of investments and reporting, rising assets under management, more complicated benefits counseling and accounting needs, and an anticipated retirement of the…
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