By Cowboy State Daily
A measure that would reward the state’s investment professionals for making decisions that boost the state’s revenue won final approval from the Senate in a unanimous vote on Thursday.
HB 222 would provide bonuses for investment professionals in the state treasurer’s office. The state’s top investment professional could double his annual salary of $250,000, while other bonuses would range from 25 percent to 75 percent of an investment official’s salary.
The bonuses would only kick in if the investments made by the officials did better than certain market benchmarks. And the bonuses would be paid out over three years — and would be forfeited if the employee left state government at any point during those three years.
The program seems like a good way to encourage wise decisions in the treasurer’s office, said Sen. Hank Coe, R-Cody.
“If you start telling somebody in there ‘You’re going to get rewarded when you help make good decisions,’ I think that makes a difference,” he said.