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Japan - Biggest Pension Fund Raises Pay For Top Executive By 64%

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http://www.bloomberg.com/news/2015-01-07/biggest-pension-fund-raises-pay-for-top-executive-by-64-.html

The head of the world’s largest investor of retirement savings just got a 64 percent pay rise.

Japan’s Government Pension Investment Fund will increase total annual compensation of its president to about 31 million yen ($260,000), including salary, bonuses and allowances, according to calculations by Shinichiro Mori, a director at the fund’s planning section. That compares with 18.9 million yen previously slated for the year ending March 31, Mori said by phone. The pay increase is effective this month, he said.

Boosting pay may help the pension fund hire more money managers from the private sector as it shifts more of its $1.1 trillion from bonds to riskier assets. Even after the increase, the GPIF’s top executive will be paid almost 40 percent less than his counterpart at the California Public Employees’ Retirement System, the largest U.S. public pension.

I'm sure returns for pensioners will increase by a similar amount.

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