Lawmakers approve pay and bonus package for investment manager, despite concerns about returns

By: Meghan O'Brien

Outlets: South Dakota Searchlight

Published: April 14, 2026

Words: 596

Last Updated: 3 months ago

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Listen to an audio version of this story by reporter Meghan O’Brien. For broadcasters: See below for a downloadable version with a script.

PIERRE — South Dakota’s state investment officer will receive a salary raise and an opportunity for an incentive bonus that could push his total pay beyond $1 million for the next fiscal year, despite concerns from some lawmakers about underperformance.

Members of the legislative Executive Board voted 12-3 on …

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