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SF 38 Wyoming House · 2025 Regular Session

Performance compensation-investment performance amendment.

This bill amends how investment performance is calculated for performance compensation paid to state investment staff. It changes the method used starting in fiscal year 2026: payments will now be based on the geometric average of annual investment performance for the current year and the two immediately preceding years (instead of the arithmetic average used for 2022-2025). The change directly affects state investment staff who receive performance-based compensation tied to investment returns. The amendment takes effect July 1, 2025.
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Jan 2025
House Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Jan 14, 2025 Signed Mar 17, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Enrolled · 3 edits · Mar 17, 2025
MINOR
This bill finalizes changes to how Wyoming calculates investment performance bonuses for state investment staff. The key change is shifting from an arithmetic average to a geometric average for calculating performance bonuses starting in fiscal year 2026. This provides a more conservative calculation method that accounts for the compounding effect of investment returns over time.
Scope change
The bill applies to the State Treasurer's performance compensation plan for investment staff, specifically affecting how bonuses are calculated for fiscal years 2026 and beyond.
REQUIREMENT

Changed the calculation method for investment performance bonuses from arithmetic average to geometric average for fiscal years 2026 and later, making bonus calculations more conservative and reflective of compounded investment returns.

TIMELINE

Added Section 2 establishing July 1, 2025 as the effective date for the new calculation method.

TECHNICAL

Converted the bill from Senate file format to enrolled act format, including standard legislative formatting changes and certification signatures.

Floor votes · Senate Jan 22, 2025 · House Mar 4, 2025

How they voted

30–0
Passed · 1 other
Total votes 31
Jan 22, 2025
D Democratic2
2 Yea
100% Yea
R Republican29
28 Yea 1
96% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
7
Committee
4
Mar 17, 2025
Signed into law
Governor Signed SEA No. 0079
legislature
Mar 4, 2025
Lower · Passed
H 3rd Reading:Passed 60-0-2-0-0
lower
Feb 28, 2025
Lower · Passed
H COW:Passed
lower
Feb 25, 2025
Lower · Passed
H03 - Revenue:Recommend Do Pass 9-0-0-0-0
lower
Feb 19, 2025
Introduced
H Introduced and Referred to H03 - Revenue
lower
Jan 22, 2025
Upper · Passed
S 3rd Reading:Passed 30-0-1-0-0
upper
Jan 21, 2025
Upper · Passed
S COW:Passed
upper
Jan 17, 2025
Upper · Passed
S02 - Appropriations:Recommend Do Pass 5-0-0-0-0
upper
Jan 14, 2025
Introduced
S Introduced and Referred to S02 - Appropriations
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.