DALLAS (AP) — Texas teacher retirement fund's investmentmanagers received more than $8.2 million in bonuses this year, morethan double what every other state agency's top employees havereceived combined since 2007, according to a newspaper analysispublished Sunday.
Results of The Dallas Morning News analysis published inSunday's edition show the bonuses went to 54 top Teacher RetirementSystem investment managers who direct parts of the $100 billionfund. The biggest single bonus was $521,512 to the system's chiefinvestment officer, who receives a base salary of $480,000.
The report comes as about 300,000 retired teachers have gone 10years without a pension increase and state lawmakers struggle with a budgetshortfall that could leave tens of thousands of teachers out ofwork.
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