State of Wisconsin Investment Board, Madison, paid $11.9 million in incentive compensation to staff in 2014 for exceeding investment performance benchmarks over the past five years.
Investment staff of the board, which oversees $106.2 billion, including $98 billion of the Wisconsin Retirement System, received $10.3 million of that total. All of the 70 eligible investment staff received incentive compensation, said Vicki Hearing, SWIB spokeswoman, in an e-mail.
The total incentive compensation for the board's 142 employees in 2014 was down from $13.3 million in 2013 for its total staff at the time of 153 employees.
For the five years ended Dec. 31, SWIB's Core Fund returned an annualized 9.3%, 50 basis points above its 8.8% benchmark for the same period. The 10-year annualized return was 6.7%, 30 basis points above its benchmark.