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Wyoming Retirement System requests TRP and staffing flexibility as turnover rises
Summary
WRS Executive Director David Swindell told the committee WRS manages roughly $12–13 billion, is seeking TRP funds for RAIN programming and cybersecurity, and urged legislative flexibility on analyst promotions to address high turnover and key‑person risk.
David Swindell, executive director of the Wyoming Retirement System, presented the system’s budget exception requests and staffing concerns to the Joint Appropriations Committee.
Swindell said WRS employs 53 full‑time staff, administers eight plans, and manages about $12–13 billion in assets. He reported roughly 36,000 pensioners and 41,000 active employees and said the system paid approximately $829 million in benefits last year, with roughly $647 million paid into in‑state economies.
Why this matters: WRS argued continued investment in technology, cybersecurity and staffing is necessary to protect member accounts, meet benefit payments and reduce key‑person risk that can arise when analyst positions are vacant. Swindell described a recent period of elevated…
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