Board Approves $1.3 Million in State Investment Employee Bonuses

(Photo by Mary Steurer/North Dakota Monitor)

(North Dakota Monitor) -The State Investment Board  approved about $1.3 million in performance bonuses to 12 Retirement and Investment Office staff members.

Two state lawmakers had called on the board to delay the vote, citing unanswered questions about whether the bonuses comply with state law.

Gov. Kelly Armstrong, who chairs the State Investment Board, on Friday urged the bonuses to move forward, noting an assistant attorney general and legal staff within his office said the payments are legal.

Armstrong said that while he has problems with the structure of the bonus pay program, he doesn’t want to abruptly take back money that was promised to the agency.

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