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North Dakota Emergency Commission Discusses $1.3 Million in Staff Bonuses, Takes no Action

By Bill Dubensky Dec 3, 2025 | 5:21 AM

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(Mary Steurer/North Dakota Monitor)

 

(North Dakota Monitor) – A proposal to give roughly $1.3 million in bonus pay for 12 Retirement and Investment Office employees took a step forward after officials had tabled the matter due to a legal question.

The bonuses are intended to reward the employees for outperforming revenue benchmarks for four of the state’s investment funds.

The State Investment Board originally planned to approve the funding in a November meeting, but delayed taking action after a board member asked whether the board had the legal authority to do so.

While a state law adopted in 2023 permits staff who oversee state investments to receive the performance-based pay, it doesn’t specifically say the Retirement and Investment Office has authorization to provide the bonuses.

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