North Dakota's RIO introduces a bonus program for top officials, aiming to improve investment performance and save the state $45M annually.

North Dakota's Retirement and Investment Office (RIO) has launched an incentive program that could allow its top officials to earn up to 100% of their salaries as bonuses, though officials note this may not happen annually. The program, effective since July 1, aims to enhance investment performance and save the state about $45 million annually by managing 50% of its assets internally instead of externally. Bonuses will only be paid if internal investments outperform benchmarks.

November 30, 2024
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