Getting your player ready...
The director of Colorado’s largest state pension plan rejected lawmakers’ suggestions Thursday that he return $1.2 million in bonuses paid to investment managers over the past two years.
Meredith Williams, executive director of the Colorado Public Employees Retirement Association, told the Legislative Audit Committee that the bonuses rewarded work in 2006-07, when the market — and plan assets — were booming.
The bonuses, paid in 2007 and 2008, were “quite reasonable,” Williams said.
