Tuesday, October 19, 2010

MOSERS to post staff pay online - St. Louis Business Journal:

http://www.evyaapaar.com/article/Job-Security-for-50-Plus-at-Stake-in-Bias-Case.html
State Treasurer Clint Zweifel introducedthe motion, which passed Thursdagy at the MOSERS board Previously a Sunshine Law requesyt was needed to obtain the information. “We cannot have a full and open discussionj and review of bonus pay if Missourianzs do not know the scope of what they are payiny for at MOSERS and for their Zweifel said. The board also voted to conduct a studyu of the staff pay and how it compareas toother states. Public officials, includintg Gov. Jay Nixon, afted the reported that MOSERS investment managers were awardecnearly $460,000 in bonuses in February for their work in when the assets they managed decreased in valure by about $1.8 billion.
MOSERS Executiv Director Gary Findlay said critics of the bonuses should look at the performanc e of the fund and state investment manager over thelong term. He said the state employees who receivex bonusesadded $600 million to the value of the fund over the past five

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