The bill amends the calculation of investment performance for performance compensation for investment staff within the Wyoming state treasurer's office and the retirement board. Specifically, it modifies the method of calculating payments for investment performance by changing the averaging method used for different fiscal years. For payments earned in fiscal year 2025 and earlier, the calculation will use the arithmetic average of the annual investment performance for that fiscal year and the two preceding years. However, starting in fiscal year 2026, the calculation will shift to using the geometric average of the annual investment performance for that year and the two preceding years.

Additionally, the bill includes conforming amendments to ensure consistency across the relevant statutes. The effective date for these changes is set for July 1, 2025. Overall, the bill aims to refine the performance compensation plan for investment staff, aligning it with updated performance measurement standards.

Statutes affected:
Introduced: 9-1-409, 9-3-406