All Staff Positions Receiving Bonus or Incentive Pay

Fiscal Year 2021


28 individual payment records · 22 unique roles (6 received multiple payments) · Highest bonus-to-salary ratio of any year at 15.9%

Total Bonus Pool Roles / Records Non-Investment Roles 15 roles Non-Investment Bonus $
$688,001 22 roles 15 roles $221,443 (32%)
Role / Position Category Base Salary Bonus / Incentive Bonus % of Salary
CIO Executive / Legal $331,500 $160,277 48.3%
Executive Director Executive / Legal $341,960 $119,492 34.9%
Director Private Markets Investment $239,817 $78,606 32.8%
Public Markets Director Investment $239,817 $75,289 31.4%
Investment Officer Investment $190,763 $70,932 37.2%
Portfolio Team Director Investment $232,832 $70,122 30.1%
COO Executive / Legal $215,000 $35,550 16.5%
CBO Executive / Legal $192,610 $28,050 14.6%
Deputy Executive Director Executive / Legal $307,500 $25,200 8.2%
Investment Analyst Investment $90,000 $10,637 11.8%
HR Director HR / Admin $148,000 $5,000 3.4%
Employer Solutions Administrator HR / Admin $73,129 $1,789 2.4%
Network and Sys Engineer Technology / IT $101,200 $1,389 1.4%
Accounting Manager Outflows HR / Admin $108,000 $1,041 1.0%
Benefits Manager Other $95,536 $1,041 1.1%
Investment Accountant Investment $95,136 $695 0.7%
Benefits Admin Assistant HR / Admin $52,582 $695 1.3%
Benefits Administrator II Technology / IT $84,540 $500 0.6%
Relationship Manager Other $86,211 $500 0.6%
Executive Assistant Operations / Support $69,000 $500 0.7
Digital Content Specialist Operations / Support $83,632 $349 0.4%
Sr Software Developer Technology / IT $116,600 $347 0.3%
TOTAL  (22 records)     $688,001

Fiscal Year 2022

44 individual payment records · 30 unique roles · Every tracked employee received a bonus — from the CIO ($71,031) to the Records Specialist ($100) and Receptionist ($100)

Total Bonus Pool Roles / Records 30 roles Non-Investment Roles Non-Investment Bonus
$404,874 30 roles 23 roles $182,266 (45%)
Role / Position Category Base Salary Bonus / Incentive Bonus % of Salary
Executive Director Executive / Legal $310,000 $75,190 24.3%
CIO Investment $348,000 $71,031 20.4%
Investment Officer Investment $197,249 $66,392 33.7%
Director Private Markets Investment $247,971 $38,735 15.6%
CBO Executive / Legal $206,093 $29,148 14.1%
Portfolio Team Director Investment $240,748 $27,298 11.3%
COO Executive / Legal $206,100 $27,000 13.1%
Culture & People Officer HR / Admin $180,000 $22,000 12.2%
CITO Technology / IT $165,440 $15,000 9.1%
Investment Analyst Investment $98,371 $7,076 7.2%
Sr. Investment Analyst Investment $139,590 $7,076 5.1%
Investment Counsel Investment $191,794 $5,000 2.6%
Benefits Administrator III Technology / IT $87,188 $3,509 4.0%
Records & Admin Manager Other $101,000 $3,000 3.0%
Communications Director Other $119,685 $1,060 0.9%
Payroll Accountant HR / Admin $78,800 $1,055 1.3%
Benefits Counsel Other $171,913 $653 0.4%
IT Ops Manager Technology / IT $150,000 $600 0.4%
Benefits Administrator II Technology / IT $78,000 $567 0.7%
Sr. Benefits Admin HR / Admin $95,000 $517 0.5%
Team Lead — Employer Solutions HR / Admin $80,500 $500 0.6%
Facilities Coordinator Operations / Support $67,500 $500 0.7%
Sr Software Developer Technology / IT $121,600 $500 0.4%
Sr. Paralegal Other $94,650 $267 0.3%
Helpdesk Technician II Other $60,000 $250 0.4%
Sr Security Engineer Technology / IT $138,000 $250 0.2%
Relationship Manager Other $89,228 $250 0.3%
Sr. Security Engineer Technology / IT $138,000 $250 0.2%
Records Specialist Other $51,064 $100 0.2%
Receptionist Operations / Support $43,888 $100 0.2%
TOTAL  (30 records)     $404,874

Fiscal Year 2023

37 individual payment records · 24 unique roles · Bonus pool surged 52.2% over 2022

Total Bonus Pool Roles / Records Non-Investment Roles Non-Investment Bonus $
$616,385 24 roles 18 roles $265,948 (43%)
Role / Position Category Base Salary Bonus / Incentive Bonus % of Salary
CIO Investment $364,000 $141,375 38.8%
Executive Director Executive / Legal $324,260 $124,000 38.2%
Investment Officer Investment $225,000 $59,717 26.5%
Director Private Markets Investment $262,500 $58,583 22.3%
Public Markets Director Investment $262,500 $42,806 16.3%
General Counsel Executive / Legal $287,650 $41,250 14.3%
Sr. Investment Analyst Investment $152,250 $34,145 22.4%
CBO Executive / Legal $215,600 $30,915 14.3%
COO Executive / Legal $215,600 $30,915 14.3%
Culture & People Officer HR / Admin $190,000 $27,528 14.5%
Investment Analyst Investment $103,500 $13,811 13.3%
Digital Content Manager Operations / Support $95,000 $5,000 5.3%
Relationship Manager Other $83,200 $2,950 3.5%
Records Specialist Other $54,080 $1,090 2.0%
Receptionist Operations / Support $45,760 $500 1.1%
HR Assistant HR / Admin $72,000 $400 0.6%
Benefits Administrator II Technology / IT $72,766 $250 0.3%
Facilities Coordinator Operations / Support $60,000 $250 0.4%
Benefits Administrator Technology / IT $65,000 $150 0.2%
BQ/QA Other $94,000 $150 0.2%
IT Ops Manager Technology / IT $150,000 $150 0.1%
Executive Assistant Operations / Support $85,000 $150 0.2%
Records & Admin Manager Other $105,500 $150 0.1%
Sr. Paralegal Other $99,000 $150 0.2%
TOTAL  (24 records)     $616,385

Fiscal Year 2024

70 positions (full organizational roster) · Only 15 of 70 (21.4%) received incentive pay · 55 positions received $0

Total Bonus Pool Roles / Records Non-Investment Roles Non-Investment Bonus $
$556,540 15 roles 6 roles $327,798 (59%)
Role / Position Category Base Salary Bonus / Incentive Bonus % of Salary
Executive Director Executive / Legal $403,000 $161,200 40.0%
Director of Private Markets Investment $273,000 $68,471 25.1%
Director of Public Markets Investment $273,000 $63,894 23.4%
Chief Investment Officer Investment $404,000 $45,500 11.3%
General Counsel Executive / Legal $303,240 $43,418 14.3%
Chief Operating Officer Executive / Legal $237,000 $32,340 13.6%
Chief Benefits Officer Executive / Legal $236,329 $32,340 13.7%
Chief Info & Technology Officer Technology / IT $210,800 $30,000 14.2%
Culture & People Officer HR / Admin $200,260 $28,500 14.2%
Investment Officer — Private Markets Investment $190,000 $21,648 11.4%
Investment Officer — Public Markets Investment $180,000 $9,841 5.5%
Sr. Investment Analyst — Public Markets Investment $190,000 $5,863 3.1%
Investment Analyst — Private Markets Investment $109,600 $5,850 5.3%
Investment Analyst — Portfolio Team Investment $109,600 $3,881 3.5%
Investment Analyst Data Analyst Investment $109,600 $3,794 3.5%
TOTAL  (15 records)     $556,540

Fiscal Year 2025

30 individual payment records · 25 unique roles · Highest average base salary of any year ($178,398 per record)

Total Bonus Pool Roles / Records Non-Investment Roles Non-Investment Bonus $
$451,536 25 roles 17 roles $295,722 (65%)
Role / Position Category Base Salary Bonus / Incentive Bonus % of Salary
Executive Director Executive / Legal $455,000
CIO Investment $442,500 $64,703 14.6%
General Counsel Executive / Legal $315,370 $45,486 14.4%
COO Executive / Legal $283,608 $35,550 12.5%
CBO Executive / Legal $246,330 $34,141 13.9%
Culture & People Officer HR / Admin $223,704 $30,039 13.4%
Investment Officer Investment $214,100 $26,960 12.6%
Director Private Markets Investment $358,400 $26,234 7.3%
Public Markets Director Investment $304,500 $11,764 3.9%
CITO Technology / IT $230,000 $10,540 4.6%
Sr Investment Analyst Investment $150,000 $10,532 7.0%
Investment Analyst Investment $114,000 $7,573 6.6%
Investment Officer — Risk Investment $170,000 $7,048 4.1%
Benefits Administrator III Technology / IT $81,972 $2,000 2.4%
Systems Administrator Technology / IT $90,000 $1,750 1.9%
Digital Content Specialist Operations / Support $75,000 $1,000 1.3%
Culture & People Generalist HR / Admin $86,320 $1,000 1.2%
Security and Network Analyst Investment $95,000 $1,000 1.1%
Graphic Designer Operations / Support $80,000 $1,000 1.3%
Facilities Coordinator Operations / Support $65,500 $1,000 1.5%
IT Ops Manager Technology / IT $162,100 $1,000 0.6%
Systems Engineer Technology / IT $130,000 $500 0.4%
Receptionist Operations / Support $47,840 $500 1.0%
Executive Assistant Operations / Support $96,600 $250 0.3%
Relationship Manager Other $76,800 $250 0.3%
TOTAL  (25 records)     $451,536

Category Appearances Unique Titles Total Bonuses Paid Avg per Record % of Total Pool
Investment 37 21 $1,424,159 $38,490 52.4%
Executive / Legal 22 8 $1,082,650 $49,211 39.8%
HR / Admin 13 10 $120,065 $9,236 4.4%
Technology / IT 19 12 $69,253 $3,645 2.5%
Operations / Support 10 5 $9,349 $935 0.3%
Other 11 9 $7,861 $714 0.3%
GRAND TOTAL 112 52+ $2,713,337  (100%)

Non-Investment Bonus Total: $1,293,178  —  47.6% of all bonuses paid

Over five years, nearly half of all bonus and incentive pay went to roles entirely outside of investment management. This included:

  • Receptionists — received bonuses in FY 2022, 2023, and 2025
  • Helpdesk Technician II — bonus in FY 2022
  • Records Specialist — bonus in FY 2022 and 2023
  • Payroll Accountant — bonus in FY 2022
  • HR Assistant — bonus in FY 2023
  • Graphic Designer — bonus in FY 2025
  • Executive Assistant — bonuses in FY 2021, 2023, and 2025
  • Digital Content Specialist / Manager — bonuses in FY 2021, 2023, and 2025
  • Facilities Coordinator — bonuses in FY 2022, 2023, and 2025

Benefits Administrators — bonuses in FY 2021, 2022, 2023, and 2025

Source note: All compensation figures derived from public records: CORA Request (July 14, 2025; September 23, 2025) and the corrected file 2021-2025_FPPA_Salary_Bunus_Pay_Year_Only.xlsx. All figures are presented solely for public policy discussion purposes. COLA information sourced from the FPPA official website (accessed May 2026).

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