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The Boston Globe

Business

Mass. pension chief gives raises to 22 staffers

The executive director of the Massachusetts state pension fund has given raises to 22 staffers, including several double-digit increases, following approval by the board in December to boost pay — a move opposed by Treasurer Steve Grossman.

According to a letter from director Michael Trotsky to the board, a copy of which was obtained by the Globe, two of the highest-paid employes on the Pension Reserves Investment Management board after Trotsky will now earn $195,000 each. For chief operating officer Tom Hanna, that represents an 8.3 percent raise. General counsel Chris Supple will get an 18.2 percent raise. Both also received promotions.

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