Board chair Jason Brune said the raise comes after Mitchell got high marks on an annual performance evaluation.
The Michael J. Burns Building, which houses the Permanent Fund offices on 10th Street, on Tuesday, Jan. 20, 2024.
Board chair Jason Brune said the raise comes after Mitchell got high marks on an annual performance evaluation conducted in a closed-door session. It’s the second year in a row Mitchell has gotten a 10% raise for leading management of Alaska’s roughly $80 billion nest egg. Its target return is 5% above inflation, as measured by the consumer price index, and it’s ahead of that mark by nearly half a percentage point in the year to date. The fund is trailing that target over the past five years, according to Chief Investment Officer Marcus Frampton, but he said the Permanent Fund is not alone in that respect.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alaska Permanent Fund CEO approved for 10% pay raise to $423,500 per yearThe raise came after an annual performance evaluation for CEO Deven Mitchell was conducted behind closed doors.
Read more »
Alaska included among states with highest Alaska Native and Native American absencesAlaska Native students are more likely to drop out of school and have the lowest attendance rates above all subgroups except homeless students in Alaska, according to new data.
Read more »
Alaska development agency moves to provide $50M commitment to support Alaska LNG projectThe Alaska Industrial Development and Export Authority’s commitment could allow a pipeline developer to complete up to $50 million in engineering studies in hopes that an initial in-state gas line is built.
Read more »
Feds to fund $104M worth of Alaska port improvementsMore than $104 million is coming to Alaska to improve ports across the state.
Read more »
Head of Ohio’s teacher pension fund retires Sunday, saying fund is strong despite staff vacanciesCOLUMBUS, Ohio (AP) — The outgoing head of Ohio's troubled teachers retirement system said that she is leaving the fund in strong fiscal condition,
Read more »
Head of Ohio's teacher pension fund retires Sunday, saying fund is strong despite staff vacanciesThe outgoing head of Ohio’s troubled teacher retirement system said she's leaving the fund in strong fiscal condition despite turmoil at the top that her successor will inherit.
Read more »