Treasurer McCord Opposes Pay Raise for SERS Official
Chief Investment Officer given 8 percent raise to $270,000Harrisburg – State Treasurer Rob McCord today voted against a salary increase for the chief investment officer of the State Employees Retirement System (SERS), saying that it was unjustified based on his length of service and the state’s current pension problems. The SERS board, at its regularly scheduled meeting today, awarded CIO Anthony Clark a $20,001 increase, from $250,016 to $270,017. McCord is a member of the board in his official capacity as Treasurer. “At a time when the state is struggling to find a way to meet its