The proposed plan would increase the number of full-time employees from 9 to 22, and increase the maximum salary to more than $350,000.
The move would come as a result to a purely informational report that was produced by the pension board’s consultant for $47,000.
From the San Diego Union-Tribune:
The county retirement board is studying a plan that would add 13 people to its nine-member investment staff and pay them more.
The top investment staffer currently can be paid no more than $213,000, according to a study to be reviewed by the retirement board Thursday. That limit would grow to $360,000 under the suggested salary ranges in the study – more than the top administrator in county government, Walt Ekard, who is paid $274,000 a year.
Read the full article here.