Pensions
The New Kentucky Investment Chief Just Got a 41% Pay Boost
Still, the salary remains at the low end for allocators at public pension funds.
Ahead of an April 1 system overhaul, Steven Herbert has a ‘hundred actions’ he needs to perform.
The asset manager and former consultant is the sixth investment chief to head the fund in about 13 years. He starts Jan. 16.
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.