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On the Records: Bonus Round

Eleven employees in the state's treasury division got $360,000 in bonuses last year.

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A key state treasury fund grew 1.76 percent last year, earning Texas nearly $500 million — and some sizable bonuses for the employees who oversee the investments.

Eleven workers in the Texas Treasury Safekeeping Trust Co., which is chaired by state Comptroller Susan Combs, combined for more than $360,000 in bonuses last year, according to a payroll database released by her office. The extra payments are similar to those received by some of the trust's workers last year.

Though the state constitution prohibits gifts with public money, incentive pay generally is lawful when tied to an employee's performance. In this case, the treasury employees oversaw a fund that grew, and the bonuses are in line with their written compensation plan, said R.J. DeSilva, a spokesman for Combs.

The chart below shows the employees' average monthly paycheck from January to November — and the spike in December.

EMPLOYEE AVG_JAN_NOV DECEMBER BONUS
Paul Ballard $22,871 $88,921 $66,050
Frank Zahn $16,604 $72,964 $56,360
Dan Sachnowitz $17,043 $64,613 $47,570
Marianne Dwight $11,710 $55,930 $44,220
Eduardo Torres $8,560 $46,107 $37,547
Kelly Tomkinson $8,347 $43,718 $35,371
Anca Ion $6,842 $30,268 $23,426
Byron Beasley $8,958 $25,874 $16,916
Jerry Germenis III $8,621 $24,866 $16,245
Michael Leifeste $7,540 $20,688 $13,149
Lisa Feuer $3,673 $9,485 $5,812
TOTAL
 
$362,666

Source: Comptroller of Public Accounts

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