MADISON, WI (WTAQ) - Investment returns nearly double what was seen last year will mean more than $8 million in bonuses for Wisconsin’s pension fund managers.
The news comes as most retirees face decreasing payouts starting May.
Bonuses of at least $100,000 will go to 29 people, while 74 will get at least $25,000. Nearly everyone getting a six-figure bonus is a money manager.
Chief investment officer David Villa will get the largest bonus – nearly $421,000.