The State Employees Retirement System Board voted to give its Chief Investment Officer, Anthony Clark, a $20,000 raise to an annual salary of $270,000.
That is an 8% hike.
Almost immediately, State Treasurer Rob McCord, came out against it.
McCord says Clark has been in his position for less than two years, and considering the state's pension problems, handing out big pay raises is not in the best interest of the state.
The Corbett Administration and the legislature will take up the pension issue in the coming months and could call for sweeping changes in the unfunded $40 billion system.
That is an 8% hike.
Almost immediately, State Treasurer Rob McCord, came out against it.
McCord says Clark has been in his position for less than two years, and considering the state's pension problems, handing out big pay raises is not in the best interest of the state.
The Corbett Administration and the legislature will take up the pension issue in the coming months and could call for sweeping changes in the unfunded $40 billion system.