MADISON, WI (WTAQ) - The state's chief investment officer was given the largest reward for strong investments in the retirement fund for state and local public employees.
The State Investment Board last Friday approved $13.3 million in bonuses, 66 percent more than the $8 million awarded a year ago.
Wednesday, the board released bonuses for individual employees.
Chief Investment Officer David Villa was granted a $660,000 bonus, up from the $421,000 award he was given the previous year.
The board manages $104 billion in assets, mostly in the state's retirement system that gives pensions to state, municipal, and school employees except those in the city and county of Milwaukee which have their own systems.
Over the past five years, the state's investment efforts added over $2.6 billion to the retirement fund - which almost 600,000 retired public workers rely upon.
(Story courtesy of Wheeler News Service)