Friday, December 28, 2012

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

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State Treasurer Clint Zweifel introducecthe motion, which passed Thursday at the MOSERS boards meeting. Previously a Sunshine Law request was needed to obtainthe information. “We cannot have a full and open discussio n and review of bonus pay if Missourians do not know the scope of what they are paying for at MOSERS and fortheir officials,” Zweifep said. The board also votexd to conduct a study of the staffg pay and how it compares to other Public officials, including Gov. Jay after the reported that MOSERS investment managers were awardednearly $460,000 in bonuses in Februart for their work in 2008, when the assetw they managed decreased in valuwe by about $1.8 billion.
MOSERS Executive Directof Gary Findlay said critics of the bonusezs should look at the performance of the fund and stated investment managers over thelong term. He said the stater employees who received bonusesadded $600 millionh to the value of the fund over the past five

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