Wednesday, November 14, 2018

How much of your hard-earned dollars are going into the pockets of that humongous STRS investment staff? Jim Stoll fills us in

From Jim Stoll
November 14, 2018

STRS Investment Staff 2018 Base Salary + BONUSES and Total Compensation

*Note – These are ONLY the TOP 10 of the 84 Investment Staff Salary and Bonuses for 2018. Total compensation figures were rounded to the nearest dollar amount.

IT'S NO WONDER THEY CAN’T PAY YOU A COLA….. They are too busy lining their own pockets. These figures were provided by STRS through a Public Records Request.

Below: STRS INVESTMENT STAFF 2018 (Top 10) SALARY AND BONUSES There are 81 others!! Scroll down for full listing of all.

Click image to enlarge.
As you can see there are Seven Employees making over a HALF Million Dollars a year! This is virtually unheard of in the PUBLIC sector….. But STRS doesn’t base their salaries and bonuses against the public sector. They want to pay their investment employees in the top 25 percent of the PRIVATE sector. Why? Doing so is totally ridiculous. It’s like comparing apples to oranges. These investment staffers ARE NOT the private sector. They don’t invest or put their own money at risk and they aren’t at risk of losing their jobs in a downturn or with a bad performance like the private sector. The STRS Board should be ashamed of itself for approving this outrageous salary and bonus structure.

Of further note, the payout of bonuses for staff has gone from just over $3 million ten years ago to almost $9 million today. They can increase their bonuses by 200% but can’t give you a 2% COLA?? Wow!

Jim Stoll

Click the two images below to see the full listing.

Larry KehresMount Union Collge
Division III
web page counter
Vermont Teddy Bear Company