(Bismarck, ND) — The State Investment Board is approving a controversial million-dollar payout to twelve staff members. The approval was voted on Friday, passing with only one dissenting vote despite Governor Armstrong saying changes need to be made to the policy. Armstrong also stated the bonuses were necessary to honor the state’s previous commitments. One-point-three million dollars will be split up between twelve members of the state’s Retirement and Investment Office staff. Records show the State Investment Board has already discusses changes to the bonus policy and changes could be coming during the upcoming legislative session.
